Texas County & District Retirement System, Austin, committed $30 million to TCG Crossover Fund II, a venture capital fund focused on investing in breakthrough medicines.
The $43.8 billion pension fund disclosed the Jan. 3 commitment to fund managed by The Column Group, in an investment activity report on its website.
TCDRS has invested in previous TCG funds, including a $20 million commitment in September in TCG Labs Fund I.
As of Sept. 30, the pension fund's actual allocation to private equity was 27.8%, above its target of 25%.