Texas County & District Retirement System, Austin, committed $150 million to Hellman & Friedman Capital Partners X.
The $35.7 billion pension fund's commitment to the large-cap buyout fund closed on Monday, a transaction report on the pension fund's website showed.
As of May 10, TCDRS investment officers had committed $675 million to 11 private equity/venture capital funds run by nine managers since the beginning of the year.
In 2020, the retirement system committed a total of $2 billion to 32 private equity/venture capital strategies managed by 25 firms, TCDRS' 2020 transaction report showed.