Searches and Hires

Texas County & District slates $100 million for buyout fund

Texas County & District Retirement System, Austin, committed $100 million to The Resolute Fund IV, a transaction report showed.

The commitment to the upper-middle-market buyout fund is the $29.7 billion pension fund's third to The Jordan Co. TCDRS previously invested in the second and third funds in the manager's series.

The fund seeks opportunities in companies in a variety of sectors in North America and Asia.

The Resolute Fund commitment is the pension fund's second to a private equity fund for a total of $145 million to the asset class so far this year.

TCDRS committed a total of $1.11 billion to 23 private equity and venture capital funds in 2017.