TCDRS approves $85m 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: 46.7 percent

Texas County and District Retirement System has agreed to commit $85 million to CapitalSpring Investment Partners VI, 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 23.9 percent.

The pension fund’s recent commitments are to funds focused on the corporate and real estate sectors within the Europe and North America regions.

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