Texas County & District Retirement System, Austin, committed $50 million to H.I.G. Bayside Loan Opportunity Fund III (Europe), managed by H.I.G. Capital.
The latest commitment, made July 27, brings the fund's total private equity/venture capital commitments in July to $85 million, according to a transaction report on the $17.6 billion retirement system's website.
The retirement system's private equity target is 10% of total assets. Actual investments and commitments totaled 6% as of June 30.
