Texas County & District Retirement System Commits $265M to Private Credit, Private Equity

The Texas County & District Retirement System Disclosed 5 recent commitments totaling $265 million to private equity, according to materials from the September Investment Board Meeting. 

$100 million was allocated to the private credit fund, Ares Pathfinder Fund II.

In private equity, $20 million was allocated to TCG Labs Fund I, $60 million to Marlin Heritage Europe III, $45 million to DCVC Bio III, and $40 million to CIVC Partners Fund VII.

As of June 30, 2023, the $43 billion Retirement System has an actual and target allocation to private credit of 28% and 29% respectively. The actual and target allocation to private equity was 27% and 25% respectively.

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