Texas CDRS Invests $72.5M in Accel-KKR Growth Fund

Tags: Pension Funds, Private Equity, New Investment

The Texas County & District Retirement System (TCDRS) made a commitment of $72.5M to AKKR Growth Fund during its October 25th Board meeting.

Accel-KKR invests in mid-market software and tech-enabled services, raising over $19B in capital commitments and completing over 450 investments in its two decades of existence.

The $47B retirement system, which has a target allocation of 25% to private equity, has made nine other commitments to private equity totalling approximately $412M in 2024 so far, according to Dakota data.

For more public pension insights and a comprehensive library of public plan minutes, book a demo of Dakota Marketplace!