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Texas County & District puts another $50 million in private equity

Texas County & District Retirement System, Austin, committed $50 million to private equity fund Genstar Capital Partners VIII, a transaction report showed.

The commitment is the $25.6 billion fund’s first to a Genstar fund, which will seek investments in U.S. middle-market companies operating in technology, health care, financial services and life sciences, among other sectors.

The Genstar commitment is TCDRS’ fourth to a private equity fund so far this year. Aggregate assets committed this far in 2017 total $245 million, according to the transaction report.