The Texas County and District Retirement System (TCDRS) started putting together its 2020 venture portfolio with a pair of re-up commitments.

The Austin, Texas-based pension invested $75 million for Lightspeed Venture Partners Select IV and $25 million into Lightspeed Venture Partners XIII. These commitments were closed on March 6, according to the organization’s website.

Select Fund IV was launched earlier in March and has no disclosed target. The flagship vehicle, fund XIII, was also launched last week with an undisclosed target.

Both of the previous vintages closed in 2018. Select Fund III collected $1.05 billion dollars and a $25 million commitment from the Texas pension. Fund XII grabbed $750 million and a $22 million commitment from the organization.

The flagship series will focus on early-stage opportunities and the Select series looks to follow up on these investments in the Series C and D rounds.

TCDRS has invested in multiple other Lightspeed funds including Lightspeed China Partners IV, $10 million, Lightspeed China Partners Select, $10 million, and Lightspeed Venture Partners XI, $20 million.

The pension system committed more than $460 million across 11 venture funds in 2019. Some of the commitments included $100 million to NEA’s 17th fund (which closed this month at $3.6 billion), $45 million to DCVC V, and $55 million to Joy Capital III, among others.

Venture looks to make up 20 percent of the pension’s 18 percent private equity allocation. The private equity target was raised from 16 percent last April.

At the end of 2019, the strategy was worth $5.3 billion.

At the end of last year, the private equity portfolio had a one-year return of 12 percent and a three-year return of 16.5 percent.

The Texas County and District Retirement System serves more than 305,000 current and active members from more than 780 counties in Texas. The pension has more than $33.4 billion in assets under management.