[Updated] US pension fund TCDRS commits $70m to China-focused venture funds

[Updated] US pension fund TCDRS commits $70m to China-focused venture funds

Beijing, China. Photo: zhang kaiyv/unsplash

Texas County & District Retirement System (TCDRS) has committed $40 million to two investment vehicles managed by Chinese venture capital firm Source Code Capital and another $30 million to an IDG Breyer Capital fund.