Searches and Hires

Texas County & District makes 2 more private equity commitments

Texas County & District Retirement System, Austin, committed a total of $105 million to two alternative investment funds, a transaction report showed.

The $27 billion fund committed $75 million to Onex Partners V, a private equity fund managed by Onex Corp. that will seek buyout opportunities among U.S. companies.

The pension plan also committed $30 million to IDG China Venture Capital Fund V, managed by IDG Capital. The fund will pursue venture capital opportunities exclusively in Chinese companies in the technology, media and telecommunications sectors.

The allocations to the Onex and IDG China funds are TCDRS' 10th and 11th commitments year-to-date from its $3 billion private equity portfolio, raising the fund's total new commitments for the asset class to $573 million.