In the last half of December, the investment team of the $40.4 billion Texas County & District Retirement System, Austin, committed a total of $265 million to three private equity buyout funds managed by two existing managers, a transaction report showed.
The largest commitment was $115 million to Accel-KKR Capital Partners VII, a buyout fund, on Dec. 16.
TCDRS committed $115 million in 2019 to the previous fund in Accel-KKR's Capital Partners fund series.
The investment staff also committed $75 million to Accel-KKR Emerging Buyout Partners II on Dec. 19.
The system committed $75 million in 2020 to the first fund in the emerging buyout fund series managed by Accel-KKR.
Also from the system's $11.3 billion private equity/venture capital portfolio, $75 million was committed to GTCR Fund XIV on Dec. 16.
In 2017, TCDRS committed $100 million to GTCR Fund XII in 2017.
The system's allocation to private equity and venture capital was 28% of plan assets as of Sept. 30.
