Texas County & District Retirement System, Austin, committed $50 million to Carnelian Energy Capital V, a Houston-based private equity fund focused on the traditional North American energy sector.
The $43.8 billion pension fund disclosed the Jan. 31 commitment in an investment activity report on its website.
TCDRS previously committed $130 million to Carnelian Energy Capital IV in 2021 and $50 million to Carnelian Energy Capital III in 2019.
The pension fund has a 25% target allocation to private equity.
