Texas County & District Retirement System, Austin, committed a total of $35 million to two venture capital funds managed by Lightspeed Venture Partners, said a transaction report on the $24 billion pension fund's website.
Lightspeed Venture Partners XI, an early-stage venture capital fund focused on opportunities in North America, Israel and India, was awarded a $20 million commitment. The pension fund also committed $15 million to Lightspeed Venture Partners Select II, a late-stage, expansion fund.
The most recent allocations to Lightspeed increase the pension fund’s venture capital commitments to $235 million in eight transactions since June 30, according to the report on the fund’s private investments.
