TCDRS approves $75m commitment

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

Institution: Texas County and District Retirement System
Headquarters: Austin, United States
AUM: $29.16bn
Allocation to alternatives: 37.23%
Bitesize: $100-200m

Texas Country and District Retirement System (TCDRS) has agreed to commit $75 million to Canyon CLO Fund II, according to the pension’s monthly report.

The $29.16 billion US public pension has a 25.0 percent target allocation to private debt which currently stands at 16.80 percent.

As illustrated in the charts below, TCDRS has made 13 commitments to private debt funds with a 2018 vintage which combined constitute $2.15 billion.

Platinum subscribers may click here for the investor’s full profile, including key contacts, allocation strategy and fund investments.