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Texas County & District makes European private equity fund commitment

Texas County & District Retirement System, Austin, committed €60 million ($66 million) to Summit Partners Europe Growth Equity Fund II, a transaction report from the $25.6 billion fund showed.

The private equity fund targets investment in European companies in the technology, consumer and health-care sectors.

With the addition of the commitment to the Summit Partners fund, TCDRS has allocated an aggregate $401 million to seven private equity or venture capital managers so far this year, according to the transaction report.

The pension fund has been targeting European private equity opportunities. In April, it committed €45 million to Chequers Capital XVII, a European-focused private equity buyout fund.