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FUNDRAISING NEWS | January 17, 2025

Texas CDRS Commits $100M to Pathlight Private Credit Fund

Tags: Pension Funds, Private Credit, New Investment

The Texas County & District Retirement System (CDRS) disclosed its first investment this year with another $100M allocation to a direct lending fund.

According to its updated investment data, the pension said it closed the commitment to Pathlight Capital Evergreen Fund on January 14, in a follow-on to its investment of the same size to the perpetual fund in 2022. Texas County has also previously allocated $100M to Pathlight’s closed-end direct lending Fund II in 2021. 

As of the latest Dakota data, Texas CDRS manages approximately $47B in aggregate pension assets. 

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Written By: Dakota

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