Texas County & District Retirement System, Austin, committed $150 million to Summit Partners Growth Equity Fund XI-A.
The $40.7 billion pension fund completed the commitment to the venture capital fund on Wednesday, a transaction report on the system's website shows.
TCDRS has made numerous commitments to prior Summit Partners funds in both private equity and venture capital series. Its most recent was a $50 million commitment to Summit Partners Venture Capital Fund V-A.
As of Friday, the pension fund has committed $1.9 billion to 29 private equity and venture capital funds run by 22 managers year to date, according to the retirement system's 2021 transaction report.
In 2020, TCDRS committed a total of $2 billion to 32 private equity and venture capital funds from 25 managers, according to the transaction report for that year.
