Texas CDRS Commits $150M to Ares European PC Fund

The Texas County & District Retirement System (CDRS) released updates to its investment data reflecting a follow-on commitment of $150M to an Ares Capital private credit fund.

The pension allocated the amount to Ares European Credit Strategies Fund X (T) in its second investment in direct lending this year, following closely after its $100M commitment to Pathlight Capital Evergreen Fund as reported by Dakota on January 17. Dakota Marketplace data also shows Texas County previously committed $100M to the Ares Pathfinder II Fund in 2023.

To date, the Texas county pension oversees total plan assets valued at $47B.

Written By: Dakota

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