Texas County & District Retirement System, Austin, disclosed two new commitments totaling $174 million.
The $50 billion pension fund disclosed an April 29 commitment of €100 million ($114 million) to MCP Private Capital Fund V, a direct lending fund managed by Metric Capital Partners, and an April 23 commitment of $60 million to early stage venture capital fund Threshold Ventures V in an investment activity update posted on its website.
Both are existing managers for the pension fund. TCDRS previously committed €100 million to MCP Private Capital Fund IV in 2019 and $86 million to Threshold Ventures IV in 2022.
As of Dec. 31, the actual allocations to private equity and direct lending were 26.6% and 14%, respectively; their respective targets are 25% and 16%.
