Texas County & District Retirement System committed $100 million to Summit Partners Growth Equity Fund X-A, a growth-oriented private equity fund, a transaction report from the $29.2 billion pension fund showed.
Investment officers of the Austin-based pension fund previously committed to or invested in multiple Summit Partners' funds, including the previous fund in the firm's growth-equity series.
The Summit Partners' commitment is the defined benefit plan's fourth to private equity and venture capital funds for a total of $160 million year-to-date Feb. 26, the transaction report showed.
In 2018, private equity/venture capital investment officers committed a total of $1.1 billion to 19 funds.
