Texas Growth Fund, Austin, committed $11 million for the leveraged buyout of ENSR International Corp. The fund invested alongside Wingate Partners, a Dallas-based private equity firm, and Fleet National Bank, Boston.
The commitment was part of Fund III, which includes participation by the $19.5 billion Employees Retirement System of Texas, and the $79 billion Teacher Retirement System of Texas, both in Austin.
Texas Growth Fund has committed more than $575 million to three private equity funds.
Texas Growth Fund is a private equity investment fund supported by Texas public pension funds and endowments, providing subordinated debt financing for companies with operations in the state. The fund is managed by TGF Management, Austin.
