TMRS commits $350m to private equity

Four private equity commitments were confirmed in the recent 25 May meeting.

Institution: Texas Municipal Retirement System
Headquarters: Austin, US
AUM: $36.5 billion
Allocation to private equity: 10.2%

The Texas Municipal Retirement System has announced $350 million in commitments to private equity in its 25 May meeting materials.

The public pension fund committed another $75 million to the Public Pension Capital Fund managed by PPC Enterprises. TMRS had previously allocated $75 million towards the open-ended fund in 2021.

TMRS also committed $100 million each to Arcline Capital Partners III and Parthenon Investors VII, both of which are North America-focused buyout funds.

TMRS also established a new relationship with Gemspring Capital, earmarking $75 million towards their new offering Gemspring Capital Fund III.

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