TCDRS approves $100m commitment

The US public pension has backed a North American private debt fund.

Institution: Texas County and District Retirement System
Headquarters: Austin, US
AUM: $29.06 billion
Allocation to alternatives: 46.70%

Texas County and District Retirement System has agreed to commit $100 million to Incline Aviation II Fund, the pension’s latest activity report states.

The $29.06 billion US public pension has a 25.0 percent target allocation to private debt that currently stands at 23.90 percent.

As illustrated below, the pension fund’s recent commitments are to vehicles focused on the corporate and real estate sectors within the Europe and North America regions.

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