The $23bn Texas County & District Retirement System has committed $75m across a pair of sizeable buyout and venture capital vehicles run by experienced firms.
TCDRS committed $45m to Charlesbank Equity Fund VIII according to the LP’s website, and pledged another $30m to Khosla Ventures V.
Charlesbank is believed to be targeting $1.5n for its latest vehicle, which comes five years after the firm raised a similar amount for its seventh flagship fund.
US early-stage investment heavyweight Khosla Ventures confirmed last week it was targeting $1bn for its fifth flagship fundraise.
The firm intends to wrap up fundraising for Khosla Ventures V within 12 months according to a filing with the US securities regulator.
Khosla closed its last vehicle, Khosla Venture IV, on $1.05bn in 2011, with 50 per cent of it allocated to clean technology.
In December last year AltAssets revealed TCDRS had committed $100m to two private equity funds.
Onex Partners IV and TCV VIII each received $50m, according to the $19.9bn fund’s investment page.
Both commitments were approved in November following the fund’s $40m commitment to TCDR’s $3.25bn eleventh flagship North American vehicle.
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