Texas County & District Retirement System committed a total of $155 million to alternative investment managers, bringing the system's April commitments to $255 million.
In real estate, the $20.7 billion Austin-based system committed $50 million on April 30 to GEM Realty Fund V, which will invest in value-added U.S. properties and distressed debt, according to a transaction report on the pension fund's website. GEM Realty Capital manages the fund.
In private equity, TCDRS committed $30 million on April 12 to KPS Special Situations Fund IV, a private equity fund that invests in middle-market restructuring and turnaround opportunities. KPS Capital Partners is the fund's manager. Marlin Equity IV, a buyout fund managed by Marlin Equity Partners, received a $35 million commitment on April 30, according to the online transaction report.
Finally, venture capital fund, Highland Capital Partners 9, was the recipient of a $40 million commitment on April 17. The fund is managed by Highland Capital Partners.
