Texas County & District Retirement System, Austin, committed $100 million to existing venture capital manager New Enterprise Associates, a transaction report showed.
Investment officers of the $30.4 billion pension fund approved the commitment to New Enterprise Associates 17, having previously committed or invested $40 million to each of the two previous funds in the series in 2017 and 2015, respectively.
Year-to-date June 6, the TCDRS' private equity team has committed a total of $781 million to 12 strategies run by 11 managers, including the most recent allocation to the New Enterprise Associates' fund.
In 2018, TCDRS committed an aggregate $1 billion to 19 private equity and venture capital funds managed by 14 asset managers, according to transaction reports.
