TCDRS approves $125m commitment

The US public pension has backed a domestic fund.

In May 2018, Texas County and District Retirement System made a $125 million commitment to Sound Point Strategic Capital Fund. The fund, which has an overall target of $500 million, will invest in the distressed debt of companies based in the US.

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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