Texas County & District Retirement System, Austin, committed $30 million to Novacap TMT International NV CV.
The $48.1 billion pension fund disclosed the Oct. 31 commitment to the buyout fund in an investment activity update on its website.
It is the pension fund’s first commitment to Canadian private equity manager Novacap.
As of June 30, the pension fund’s actual allocation to private equity was 26.8%; the target is 25%.