Searches and Hires

Texas County & District slates $40 million for buyout fund

Texas County & District Retirement System, Austin, committed $40 million to H.I.G. Growth Buyouts & Equity Fund III, a middle-market fund, a transaction report showed.

Investment officers at the $30.2 billion pension fund previously committed or invested a total of $140 million in four previous private equity funds managed by H.I.G. Growth Partners or its investment affiliate, H.I.G. Capital Partners, including the prior fund in the firm's growth buyouts series.

With the latest H.I.G. fund commitment, TCDRS has committed a total of $607 million to 11 private equity and venture capital funds as of Sept. 15. In 2017, the fund committed a total of $1.24 billion to funds in this asset class.