Texas County & District Retirement System committed an additional $15 million to Summit Partners Venture Capital Fund IV-A, bringing the total earmarked for the fund to $50 million, said a transaction report on the $25.2 billion pension fund’s website.
The Austin-based fund made an initial $35 million commitment to the fund in August.
The additional allocation to the venture capital fund from the private equity allocation brings the pension fund’s total commitments to Summit Partners funds to $230 million.
Prior commitments, according to transaction reports, are Summit Partners Growth Equity Fund IX-A, $50 million in August 2015; Summit Partners Credit Fund II, $50 million in October 2013; Summit Partners Venture Capital Fund III-A, $10 million in March 2013; Summit Partners Credit Fund I, $40 million in October 2011; and Summit Partners Growth Equity Fund VIII-A, $30 million, in March 2011.
