Texas Employees Retirement System, Austin, committed €80 million ($91 million) in June to existing private equity manager Riverside Co., a transaction report showed.
Private equity investment officers for the $28.4 billion defined benefit plan earmarked the commitment to Riverside Europe Fund VI from the fund's $4 billion private equity portfolio.
The latest fund in The Riverside Co.'s fund family, like its predecessors, will seek control buyouts of European companies with under €25 million in earnings before interest, taxes, depreciation and amortization.