Texas County & District commits $50 million to Chinese private equity
By Christine Williamson | February 12, 2013 1:40 pm
Texas County & District Retirement System, Austin, committed $50 million to CDH Fund V, managed by Chinese alternative investment manager CDH Investments.
The commitment to the private equity fund, which will invest in mainland Chinese growth-stage companies, was made Feb. 8, according to a transaction report on the $17.6 billion pension fund's website.
TCDRS' private equity/distressed debt/private real estate portfolio commitments now total $1.802 billion.