Texas County & District pledges $35 million to pair of funds

Texas County & District Retirement System committed a total of $35 million to new private equity and venture capital funds in July, according to a transaction report on the $17.6 billion retirement system's website.

The Austin-based fund committed $25 million to specialist private equity fund Water Street Healthcare Partners III. Mayfield XIV, an early stage information technology venture capital fund managed by Mayfield Fund, received a $10 million commitment.

The retirement system's private equity target is 10% of total assets. Actual private equity investments and commitments totaled 6% as of June 30.