Texas County & District Retirement System, Austin, disclosed two new commitments totaling $190 million.
The $50 billion pension fund disclosed the April 11 commitments of $150 million to Penfund Prime U.S. Feeder, a direct lending fund managed by Penfund Management, and $40 million to buyout fund Enhanced Healthcare Partners II in an investment activity update on its website.
Both are new managers for the pension fund.
As of Dec. 31, the actual allocations to private equity and direct lending were 26.6% and 14%, respectively; their respective targets are 25% and 16%.
