Menu Close

Texas County & District puts $25 million toward growth equity fund

This post was originally published on this site

Texas County & District Retirement System, Austin, committed $25 million to Spectrum Equity Special Opportunities-A.

The $40.7 billion pension fund closed the commitment to the growth equity fund managed by Spectrum Equity Management on Wednesday, a transaction report on its website shows.

TCDRS previously committed $50 million to Spectrum Equity IX-A in 2020.

As of Friday, the pension fund’s investment officers have committed a total of $1.6 billion to 26 private equity and venture capital funds run by 20 managers, according to the retirement system’s 2021 transaction report.

In all of 2020, TCDRS committed a total of $2 billion to 32 private equity and venture capital funds from 25 managers, the transaction report for that year showed.