TCDRS makes €75m commitment

The US-based pension fund allocates to a European distressed debt fund.

Institution: Texas County and District Retirement System
Headquarters: Austin, United States
AUM: $30.01bn
Allocation to alternatives: 31.13%

Texas County and District Retirement System has committed €75 million to AnaCap’s fourth credit vehicle. AnaCap Financial Partners targets consumer and SME debt across Europe including performing, semi-performing and non-performing assets comprising loans, leases, securities or other obligations.

The $30.01 billion US public pension has 20.00 percent target allocation to private debt that currently stands at 14.72 percent. As illustrated in the charts below, TCDRS has made three distressed debt commitments this year.

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