Texas County & District Retirement System Commits $265M to Private Credit, Private Equity
Written by: Helen Bascom, Marketing Associate
The Texas County & District Retirement System Disclosed 5 recent commitments totaling $265 million to private equity, according to materials from the September Investment Board Meeting.
$100 million was allocated to the private credit fund, Ares Pathfinder Fund II.
In private equity, $20 million was allocated to TCG Labs Fund I, $60 million to Marlin Heritage Europe III, $45 million to DCVC Bio III, and $40 million to CIVC Partners Fund VII.
As of June 30, 2023, the $43 billion Retirement System has an actual and target allocation to private credit of 28% and 29% respectively. The actual and target allocation to private equity was 27% and 25% respectively.
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