TMRS approves more than $400m in commitments

The Austin-based public pension has backed five private equity vehicles.

Institution: Texas Municipal Retirement System
Headquarters: Austin, US
AUM: $37.8 billion
Allocation to alternatives: 36.3%

Texas Municipal Retirement System has approved $425 million in commitments across five private equity funds, according to the pension’s recent investment report.

The pension committed $75 million each to Foundry 2022, Dunes Point Capital Fund III, Tritium III and $100 million to both Updata Partners VII and FTV VII.

TMRS’s current allocation to private equity sits at 7.7 percent, under its 10 percent target allocation. As illustrated below, the US public pension’s recent private equity commitments have concentrated on buyout, co-investment and venture capital vehicles in North America and Western Europe.

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