TMRS commits $180m to Gamut

The US pension fund backed Gamut Capital Management.

Institution: Texas Municipal Retirement System
Headquarters: Austin, US
AUM: $35.2 billion

Texas Municipal Retirement system confirmed a commitment of $120 million to Gamut Investment Fund II and a further $60 million via a co-investment vehicle, according to its September board meeting materials.

Founded in 2015, Gamut Capital Management is a mid-market focused private equity firm based in New York City. Gamut Capital Management held its final close of the previous fund in this series, Gamut Investment Fund I, at $1 billion.

TMRS’ recent commitments have tended to focus on funds that invest across North America.

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