Texas County & District Retirement System, Austin, committed $73 million to AKKR Strategic Capital.
The $48.1 billion pension fund disclosed the Oct.25 commitment to the private equity fund managed by Accel-KKR in an investment update on its website.
TCDRS has made multiple commitments to Accel-KKR funds, most recently committing $115 million to Accel-KKR Capital Partners VII and $75 million to Accel-KKR Emerging Buyout Partners II, both in December 2022.
As of June 30, the pension fund’s actual allocation to private equity was 26.8%; the target is 25%.
