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TMRS approves $75m commitment

The US public pension has backed a North America-focused fund.

Texas Municipal Retirement System has approved a commitment of $75 million to GTCR XII.

The $26 billion US public pension has a 5 percent target allocation to private equity that currently stands at 0.8 percent.

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