Searches and Hires

Texas County & District allocates $76 million to private equity fund

Texas County & District Retirement System, Austin, made a commitment to a new fund from an existing private equity manager, a transaction report showed.

Investment officers on the $29.2 billion fund's private equity/venture capital team committed $76 million on Feb. 21 to Genstar Capital Partners IX.

TCDRS committed $50 million in 2017 to the previous fund in Genstar's series that seeks investment in middle-market U.S. companies operating in technology, health care, financial services and life sciences, among other sectors.

Including the most recent Genstar commitment, TCDRS has committed a total of $246 million to five private equity or venture capital funds year to date March 1, compared to a total of $1.1 billion to 19 funds in 2018, transaction reports showed.