The $132 billion Teacher Retirement System of Texas pledged $100 million to Oaktree’s Opportunity Fund X and $200 million to Opportunity Fund Xb on 20 February, according to investment documents recently released by the retirement plan. Oaktree Capital Management is raising $10 billion total for the strategy, of which $3 billion will go into a pool to be deployed immediately with the balance going to a “reserve pool” to be deployed at a later date as opportunities arise.
Texas Teachers commit to Oaktree’s latest distressed fund
The pension fund is investing $300 million in Oaktree Opportunities Fund X, a distressed debt fund with an overall target of $10 billion.
