Texas County & District Retirement System, Austin, committed $30 million to LC Fund VI on April 17, according to a transaction report on the $23 billion pension fund's website.
The venture capital fund, managed by Beijing-based Legend Capital Management, will focus on investments in Chinese health-care and investment technology companies.
TCDRS has committed or invested a total of $265 million in four alternative investment funds thus far in April.
In addition to the latest LC Fund, commitments to private equity funds were $15 million to biotech-focused The Column Group II and $70 million to energy processing-focused EnCap Flatrock Midstream Fund III.
The pension fund also invested $150 million in long/short equity hedge fund Highline Capital Partners QP.
