Texas County & District Retirement System, Austin, completed four new private equity commitments totaling $169 million during the week of Sept. 25, according to an investment activity update on its website.
The $42.7 billion pension fund committed €60 million ($64 million) to Marlin Heritage Europe III, a middle-market buyout fund managed by Marlin Management Co.; $45 million to DCVC Bio III, a venture capital fund managed by DCVC Management; $40 million to middle-market buyout fund CIVC Partners Fund VII; and $20 million to TCG Labs Fund I, a venture capital fund managed by The Column Group.
TCDRS previously committed €90 million to Marling Heritage Europe II in 2020 and $100 million to DCVC VI in 2022. CIVC Partners and The Column Group are new managers for the pension fund.
Separately, TCDRS also completed a follow-on commitment of $10 million to KPS Special Situations Mid-Cap Fund II, a special situations fund managed by KPS Capital Partners.
The pension fund originally committed $40 million to the fund in July.
Its target allocation to private equity is 25%.