TMRS approves $18.75m commitment

The US public pension has backed a mezzanine fund.

Texas Municipal Retirement System has committed $18.75 million to GSO Capital Opportunities Fund III, a mezzanine debt fund.

The $24 billion US public pension has a 7 percent allocation to alternatives including private debt.

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