Texas County & District taps Antares for direct lending

The $30 billion Texas County & District Retirement System (TCDRS) continues its alternative investment buying binge as 2019 comes to a close with a $250 million allocation to direct lending.

Antares Capital received the commitment to the Antares Credit Opportunities MA V, which is the latest in a line of direct lending commitments for the pension fund in 2019. Officials at the Austin-based pension allocated $195 million last year to the Antares Unitranche Feeder Fund I.

Antares is a private debt credit manager, but also a provider of financing for middle-market private equity . . .

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