FUNDRAISING NEWS | August 12, 2024
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.
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Written By: Jane Bailey, Marketing Associate
Jane Bailey is a Marketing Associate at Dakota.
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