Searches and Hires

Texas County & District selects Nautic Partners as newest private equity manager

Texas County & District Retirement System, Austin, selected a new private equity manager for commitment to a middle-market buyout fund, a transaction report showed.

The $29.2 billion defined benefit plan committed $50 million to Nautic Partners IX on Tuesday. The fund's portfolio managers will seek investment opportunities in U.S. companies in three sectors — health care, industrial products and outsourced services.

Including the Nautic Partners' commitment, TCDRS has committed $296 million to six private equity and venture capital funds year-to-date March 12, compared to a total of $1.1 billion to 19 funds in 2018, transaction reports showed.