Texas County & District Retirement System, Austin, committed $40 million to Excellere Capital Fund III, said a transaction report on the $24.6 billion pension fund’s website.
The buyout fund, managed by Excellere Partners, will focus on investments in North American companies in sectors including health care, education and training, food and industrial services.
TCDRS also committed $36 million to Accel-KKR Capital Partners V, which will invest in U.S. lower middle-market software and technology-enabled services companies.
The pension fund has now committed a total of $476 million to 12 private equity funds this year through Aug. 1, according to the transaction report.
