TCDRS commits to Silver Point Capital

The $250m commitment has been made to a distressed debt fund.

Institution: Texas County and District Retirement System
Headquarters: Austin, US
AUM: $42.7 billion
Allocation to private debt: 28.76%

The Texas County and District Retirement System has confirmed a commitment to Silver Point Capital.

The Austin-based US public pension fund confirmed a $250 million commitment was made to Silver Point Distressed Opportunity Institutional Partners II. The fund invests in distressed corporate debt in North America. In March, the fund reached a first close at $1.17 billion.

This marks the second distressed debt commitment TCDRS has made this year. It recently made a $50 million commitment to distressed real estate fund Taconic Credit Dislocation Fund IV.

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