Texas County & District Retirement System (TCDRS) has committed $30 million to Legend Capital’s latest China venture capital fund.
According to sources familiar with the situation, LC Fund VI has a target of around $500 million and is nearing a final close. The venture capital firm's previous US dollar-denominated vehicle closed in May 2011 at $515 million. TCDRS invested $5 million. Other LPs are said to include HarbourVest Partners.