TCDRS commits $175m to debt

The US pension fund committed $175m across two private debt funds.

Institution: Texas County and District Retirement System
Headquarters: Austin, US
AUM: $41.7 billion

Texas County and District Retirement System has committed $75 million to Irradiant CLO Partners Fund III and $100 million to Pathlight Capital Evergreen Fund, according to recent investment meeting materials.

Irradiant CLO Partners Fund III is Irradiant Partners‘ third vehicle in the series. The fund invests in the corporate sector in North America. Pathlight Capital Evergreen fund is an open-ended fund by Pathlight Capital, which focuses on senior debt.

The US public pension’s recent fund commitments have predominantly targeted the corporate sector in North America.

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