Texas County & District Retirement System, Austin, committed €30 million ($41 million) to MCP Private Capital Fund II, according to a transaction report on the $23 billion pension fund's website.
The private equity fund focuses on providing financing to small- to medium-sized European companies and is managed by London-based Metric Capital Partners.
The commitment is TCDRS' first to an alternative investment fund so far in May. The pension fund committed or invested a total of $315 million in five alternative investment strategies or funds in April.
