TCDRS approves $253m in commitments

The US public pension has backed a senior debt and a unitranche fund.

Texas County and District Retirement System committed $153 million to Antares Unitranche Feeder Fund I. In the same month, the retirement system made an additional $100 million commitment to separate account Crescent (TX) Direct Lending Fund in February 2018, bringing the vehicle’s total size to $450 million.

The $29 billion US public pension’s private debt allocation currently stands at 11.4 percent of total investments.

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