Texas County & District invests $50m in RRJ’s second fund
Texas County & District Retirement System (TCDRS) has committed $50 million to RRJ Capital’s second fund, which is targeting up to $5 billion. The private equity firm is run by Richard Ong, who previously co-founded China-focused Hopu Investment Management, and his brother Charles, who was seconded to the firm by Temasek Holdings in 2011.
According to a TCDRS announcement, the commitment to RRJ Capital Master Fund II was made in December. The LP's previous Asia specific investment was $40 million for Hony Capital Fund V, which reached a...
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