Texas County & District Retirement System, Austin, announced two new commitments to venture capital funds managed by Shine Capital totaling $57 million.
The $43.9 billion pension fund completed commitments of $38 million to Shine Capital II and $19 million to Shine Capital Opportunities Fund I on Feb. 18, a transaction report on its website shows.
TCDRS previously committed $38 million to Shine Capital I.
Year-to-date as of Monday, with the addition of the two new Shine Capital funds, a total of $550 million has been committed from the defined benefit plan to 12 funds run by seven managers.
In all of 2021, TCDRS committed a total of $2.3 billion to 33 private equity/venture capital funds managed by 26 firms, a transaction report for that year showed.