The $35 billion Texas Municipal Retirement System (TMRS) will commit up to $900 million of new capital to private equity investments over its fiscal 2023 year -- about the same commitment goal it targeted in its fiscal year 2022 — keeping the system near its 10% target allocation to the class, according to a staff presentation at trustee's Sept. 22 board meeting.
Also at the meeting, the board approved a $200 million commitment to TCW Brazos Fund — an NCFI/direct lending strategy — bringing TMRS’ allocation to the fund to $500 million.
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