TMRS approves $600m in commitments

The US public pension has backed three corporate debt funds.

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Texas Municipal Retirement System has approved $600 million of fund and manager commitments in its non-core fixed income portfolio: $250 million to AG Direct Lending Fund III, $200 million to Värde Private Debt Opportunities Fund and $150 million to H.I.G. Whitehorse Trinity.

The $28 billion US public pension allocates 16.1 percent of its total investments to non-core fixed income.

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