Texas CDRS Allocates $200M to Private Equity, Credit Funds

The Texas County & District Retirement System (CDRS) closed investments totaling $200M in a middle market buyout fund and a direct lending strategy, according to recent updates to its investment data.

The pension recorded a $50M allocation to Pamlico Capital Fund VI in private equity, in a deal finalized on January 31, and $150M to Arbour Lane - TX in private credit, finalized on February 6. Of the two, Arbour Lane represents a follow-on investment made by the pension, as it previously allocated $175M to the manager’s special situation fund, Arbour Lane Credit Opportunity Fund IV, in December 2024.

Per Dakota data, the Texas county pension administers $47B in total plan assets.