Texas County & District Retirement System, Austin, committed $15 million to The Column Group II, according to a transaction report on the $23 billion pension fund's website.
The private equity fund invests in startup companies in the biotechnology industry.
Through April 4, TCDRS has invested or committed a total of $815 million in 20 alternative investment funds in 2014. According to the latest transaction list, a total of $287 million was committed to 10 real estate, private equity or distressed debt funds; $208 million was committed to two opportunistic credit funds; and eight hedge funds split an aggregate $320 million from the pension fund.
