TCDRS approves $75m commitment and boosts allocation by 4%

The US public pension has backed a private debt fund, in line with new policy to increase investment in the asset class.

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Institution: Texas County and District Retirement System
Headquarters: Austin, United States
Total AUM: $29.16bn
Allocation to Alternatives: 37.23%
Bitesize: $50-500m

TCDRS has agreed to commit $75 million to Canyon CLO Fund II. Additionally, the TCDRS Board of Trustees has increased target allocation to strategic credit by 4%. Information on both decisions can be found on TCDRS’ website.

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