Texas County & District Retirement System, Austin, committed $50 million to Baring Asia Private Equity Fund VI, said Russ Rhea, spokesman for the $23 billion pension fund, in an e-mail.
The fund, managed by Baring Private Equity Asia, targets growing midsize companies in Asia.
In December 2010, the pension fund committed $40 million to the predecessor fund, Baring Asia Private Equity Fund V. In April 2014, the pension fund committed $50 million to Baring Private Equity Asia Real Estate Fund.
The pension fund has a 12% target to private equity.
