Institution: Texas County and District Retirement System
Headquarters: Austin, United States
Allocation to alternatives: 36.55%
Texas County and District Retirement System has agreed to commit $250 million to Silver Point Specialty Credit Fund II, according to a recent report on the pension’s website. The fund is focusing on senior debt lending in North America.
The $31.92 billion public pension has a 25.0 percent target allocation to private debt that currently stands at 18.80 percent.
As illustrated in the table below, TCDRS is a repeat investor to Silver Point funds, having previously committed $50 million to Silver Point Specialty Credit Fund I and $100 million to Silver Point Distressed Opportunities Institutional Partners.
Platinum subscribers may click here for the investor’s full profile, including key contacts, allocation strategy and fund investments.