Searches and Hires

Texas County & District commits $65 million to Riverside buyout fund

Texas County & District Retirement System, Austin, committed $65 million from its $4 billion private equity portfolio to Riverside Micro-Cap Fund V, a transaction report showed.

The commitment from the $30.2 billion pension fund is the first to the buyout fund's manager, Riverside Co.

Including the most recent commitment to the Riverside fund, TCDRS has earmarked a total of $442 million to eight private equity and venture capital funds year-to-date Aug. 21.

In 2017, the pension fund made 25 commitments to private equity/venture capital funds totaling $1.238 billion.