TCDRS approves $100m commitment

The US public pension has backed a North America-focused fund.

Texas County and District Retirement System has made a $100 million commitment to strategic credit vehicle, Napier Park-TX Opportunistic Credit Fund, which is managed by alternative asset manager, Napier Park Global Capital.

The $30 billion US public pension has a 20 percent target allocation to private debt that currently stands at 13 percent.

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