Texas County & District Retirement System, Austin, committed $10 million each to Lightspeed China Partners IV and Lightspeed China Partners Select I, a transaction report showed.
The latest commitments are the $30 billion pension fund's first to China-focused venture capital funds managed by Lightspeed Venture Partners. TCDRS previously committed a total of $70 million to four other geographically diverse Lightspeed venture capital funds.
In November, pension fund officials committed $30 million to another China-oriented venture capital fund, Joy Capital Opportunity.
This year, TCDRS has committed a total of $1.022 billion to 27 private equity and venture capital funds through Tuesday. In 2017, pension fund officials selected 25 private equity funds for commitments totaling $1.263 billion.
