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.
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