Texas County & District Retirement System, Austin committed a total of $185 million to new funds from two existing private equity managers, said a transaction report for the $33.4 billion pension fund.
From the pension fund's $5.3 billion private equity portfolio, investment officers committed $110 million to Odyssey Investment Partners Fund VI, a middle-market buyout fund. TCDRS had committed $50 million to the previous fund in the series.
Vista Equity Partners Management received a $75 million commitment to Vista Foundation Fund IV, a small buyout fund. The pension fund had already committed $65 million to the third fund in the Vista Foundation Fund family.
With the addition of the two new commitments, TCDRS has committed a total of $380 million to six private equity funds year-to-date Feb. 21.
In all of 2019, TCDRS committed a total of $1.2 billion to 28 private equity and venture capital funds managed by 27 managers, transaction reports showed.
