The $41.8 billion Texas County & District Retirement System, Austin, committed a total of $100 million to two existing managers from its $11.6 billion private equity fund in March and April, a transaction report showed.
The largest commitment — $80 million — went to TA XV-A, a middle-market buyout fund managed by TA Associates.
Lux Capital Management received a $20 million commitment to Lux Ventures VIII, a venture capital fund that focuses on investment in North American biotech and life sciences.
Texas County & District's target allocation for private equity is 25%.
As of Dec. 31, the most recent date available, the fund's actual allocation to the private equity portfolio was 27.8%.