Texas County Commits $100M to Monarch Capital Distressed Debt Fund

The Texas County & District Retirement System (TCDRS) approved an allocation of $100M to Monarch Capital Partners VI, a distressed debt strategy, according to materials from its September 30 board meeting. 

The investment is the TCDRS’ first of 2024 in the distressed debt asset class. 

Per Dakota data, the retirement system oversees $47B in assets, with a target allocation of 25% to credit, and within that 4% is targeted for distressed debt exposures. 

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Written By: Helen Bascom, Marketing Associate

Helen Bascom is a Marketing Associate at Dakota.

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