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Texas County & District tops up Shine Capital fund with another $15 million
Texas County & District tops up Shine Capital fund with another $15 million
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Texas County & District Retirement System, Austin, committed an additional $15 million to venture capital fund Shine Capital I, spokesman Russ Rhea confirmed in an email.
The new commitment is from the $38.1 billion pension fund s $7.8 billion private equity/venture capital portfolio.
The retirement system s investment officers made an initial commitment of $23 million to the fund in September 2020.
Shine Capital s portfolio managers seek venture capital investment opportunities in North America.
With the additional commitment to Shine Capital I, as of May 28, TCDRS has committed a total of $790 million to 14 private equity/venture capital funds run by 10 money managers, according to the pension fund s 2021 transaction report.