Texas County Commits $200M to Private Credit

The Texas County & District Retirement System (TCDRS) approved two commitments to private credit totalling $200 million.

$50 million was allocated to direct lending strategy, Crescent (TX) Direct Lending Fund within private credit. The investment closed on August 1, 2024. 

An additional $150 million was allocated to Irradiant CLO Opportunities Fund. The investment closed on August 7, 2024. 

As of March 30th, TCDRS has a market value of $47.2 billion, allocating 26% to credit. 

For more public pension insights and a comprehensive library of public plan minutes, we would love to offer you a free trial of Dakota Marketplace!