TMRS approves $60m commitment

The Texas-based public pension has backed a US private equity fund.

Institution: Texas Municipal Retirement System
Headquarters: Austin, United States
AUM: $27.59bn
Allocation to alternatives: 18.20%
Bitesize: $50-100m

Texas Municipal Retirement System (TMRS) has agreed to commit $60 million to Northlane Capital Partners II, according to a recent report on the pension’s website. The fund is focusing on diversified buyouts in North America.

The $27.59 billion US public pension has a 5.0 percent target allocation to private equity that currently stands at 2.10 percent.

As illustrated in the charts below, TMRS has made five commitments to private equity funds with a 2019 vintage which combined constitute $410 million.

Platinum subscribers may click here for the investor’s full profile, including key contacts, allocation strategy and fund investments.