Texas Municipal re-ups with Updata, closes year with $457 mln in PE commitments


Texas Municipal, Updata Partners, private equity, pension fund
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Texas Municipal Retirement System at its Dec. 6 meeting re-upped $50 million to Updata Partners’ sixth fund, targeting $300 million. The pension system, which started its PE program in late 2015, committed $457 million to 10 PE funds, 8.6 percent under its $500 ...

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