Texas CDRS Invested $416M in Five Funds in December ‘24

The Texas County & District Retirement System (CDRS) updated its recent investments data reflecting a total of $416M in December 2024 commitments across five funds in private credit and private equity. 

In private credit, the pension allocated $175M to special situations fund Arbour Lane Credit Opportunities IV and $100M to direct lending strategy Crescent Direct Lending Levered Fund IV, in deals closed on December 9 and 23, respectively. 

In private equity, Texas CDRS committed €50M (~$51.28M) to Adelis Equity Partners Fund IV AB, $30M to TCG Labs Opportunity I, and $60M to GTCR Strategic Growth Fund II in deals that closed December 19 and 20. 

As of the latest Dakota data, the Texas retirement system manages a total of $47B in assets.