Texas Muni adds on to FTV commitment

The $30 billion Texas Municipal Retirement System chose to top off its investment with San Francisco firm FTV Capital.

Trustees approved an additional $25 million commitment to FTV VI for a total commitment of $75 million to the firm. Staffers have a $44 million allocation to FTV V already under its venture/growth component of the private equity program.

FTV invests across the enterprise technology and services space along with financial services, and payments and transaction processing sectors. The firm is targeting $1 billion for FTV VI.

In rolling up the fresh allocation . . .

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