TCDRS approves $75m commitment to Marcus Capital Partners Fund IV

The Austin-based public pension has backed Marcus Partners' value-added real estate vehicle.

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Institution: Texas County and District Retirement System
Headquarters: Austin, US
AUM: $42 billion
Allocation to alternatives: 52.6%

Texas County and District Retirement System has approved a $75 million commitment to Marcus Capital Partners Fund IV, according to the pension’s recent investment activity.

Managed by the Boston-based Marcus Partners, Marcus Capital Partners Fund IV has a fund size of $337 million. The fund, which entered the market in January 2022, will target real estate investment opportunities in the North America region with a value-added strategy.

As illustrated below, TCDRS’s private real estate commitments have been to North American vehicles employing value-added, co-investment and mezzanine strategies. The pension has a 6 percent target allocation to real estate that currently stands at 3.4 percent.

Platinum subscribers may click here for the investor’s full profile, including key contacts, allocation strategy and fund investments.