Texas County & District Retirement System, Austin, committed €50 million ($54 million) to EMH Growth Fund II managed by EMH Partners, a new manager for the $33.4 billion pension fund, a transaction report showed.
Portfolio managers of EMH's private equity fund will seek minority investments in midsize technology-focused firms in Austria, Germany and Switzerland that show "digitalization potential," according to the manager's website.
With the addition of the EMH commitment, the pension fund year-to-date March 24 has committed a total $767 million from the pension fund's $5.3 billion private equity/venture capital portfolio to 13 funds run by 11 managers.
In all of 2019, the pension fund committed a total of $1.2 billion to 28 private equity/venture capital funds managed by 27 firms, transaction reports showed.
