Investment officers of the $29.1 billion Texas County & District Retirement System, Austin, committed $50 million to Accel-KKR Emerging Buyout Partners from the system's $5.6 billion private equity/venture capital portfolio, a transaction report showed.
Accel-KKR is an existing manager for the system and focuses investment primarily in software and technology-enabled services businesses.
With the addition of TCDRS' commitment to the Accel-KKR buyout fund, the system has earmarked $1.1 billion to 20 private equity/venture capital funds run by 17 firms through Aug. 5 this year.
In all of 2019, TMRS committed $1.2 billion to 28 funds private equity/venture capital fund managed by 27 firms, transaction reports showed.
