Updated with correction
The $32.1 billion Texas County & District Retirement System, Austin, committed $50 million to OpenView Venture Partners VI from the fund's $5.1 billion private equity/venture capital portfolio, a transaction report showed.
The venture capital fund's portfolio managers will seek opportunities to provide expansion and late-stage capital to high-growth software, new media, internet and technology-enabled companies.
TCDRS investment officers previously committed $30 million to the prior fund in OpenView Partners' fund family and $17 million to the fourth fund in the series.
With the addition of the latest OpenView Partners' fund, TCDRS this year has committed about $1.7 billion to 26 private equity and venture capital strategies managed by 25 managers as of Nov. 19.
In all of 2018, pension fund officials committed or invested a total of $1.4 billion to 22 funds managed by 10 private equity and venture capital firms, transaction reports showed.