The $41.6 billion Texas County & District Retirement System (TCDRS) added another $400 million over the summer to its private equity and real estate portfolios as both strategies made stand-out gains over the past year.
Private equity saw much of the activity with add-on commitments and global venture capital aims expanding the retirement system’s exposure in the asset class. The $11 billion-plus program saw gains of over 28% for the year ending June 30, 2022.
Staff selected private equity funds were: IDG Venture Capital Fund VII ($50 million); Shine Capital . . .
Unlock this article instantly, along with the rest of our premium content and daily, weekly and monthly newsletters. We offer pay-as-you-go monthly subscriptions and discounted annual subscriptions with additional benefits: access to Alternatives Watch Research articles and our Annual Investor Compendium.