PE, RE funds pick up $405m in December TCDRS commitments


The Texas County & District Retirement System’ has committed $405m to private equity and real estate funds in the month of December.

Blackstone’s Real Estate Partners IX fund received $125m from the pension fund last month, according to the TCDRS website. The global buyout house is believed to be looking to raise $18bn (€15.8bn) for the vehicle.

The pension system committed $100m to Rockpoint Real Estate Fund VI, while SCP Real Estate Opportunities Fund I-A also received $75m.

Within private equity, Vista Equity Partners VII picked up $85m from TCDRS.  Vista is targeting up to $12bn for its latest flagship fundraise, and recently secured a $100m commitment from the Connecticut Retirement Plans & Trust Funds. The New York State Common Retirement Fund also agreed to commit $750m to Vista’s Fund VII, while Maryland State Retirement & Pension System revealed a $175m commitment to the vehicle.

Lightspeed China Partners’ Fund IV and Select I fund received $10m each. The China-focused VC is currently looking to raise up to $560m for both vehicles, according to an SEC filing from last month.

LCP has planned to raise $360m for Lightspeed China Partners IV and $200m for its Lightspeed China Partners Select I.

Last November, TCDRS committed $255m of capital to alternative asset funds.

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