Texas County & District Retirement System, Austin, disclosed a total of $100 million in two new private equity commitments.
The $50 billion pension fund disclosed March commitments of $60 million to growth equity fund Mainsail Partners VII and $40 million to Hughes Growth Equity Fund II, a growth equity fund managed by Hughes & Co., in an investment activity update on its website.
Both are new managers for the pension fund.
As of Dec. 31, the pension fund’s actual allocation to private equity was 26.6%; the target is 25%.
