Searches and Hires

Texas County & District slates $43 million for buyout fund

Texas County & District Retirement System, Austin, committed $43 million to private equity buyout fund Water Street Healthcare Partners IV, a transaction report showed.

The fund's portfolio managers will seek investment opportunities in pharmaceutical, health-care and medical device manufacturers in North America and Europe.

It is the $27 billion pension fund's second commitment to the firm; $25 million was committed to the third fund in the series in 2012.

The Water Street commitment is the system's 15th to private equity and venture capital funds year-to-date through Sept. 15 for a total of $744 million, according to the investment report.