The $30 billion Texas County & District Retirement System (TCDRS) added another holding to its direct lending program with a $125 million commitment to the Blackstone Life Sciences V fund at the end of 2019.
It was the sixth direct lending investment in 2019 for the system that began allocating to the increasingly popular investment strategy back in 2015.
This is the second allocation to Blackstone this year with a $150 million commitment to the Blackstone Real Estate Debt Strategies IV within the direct lending portfolio as officials originally committed $100 million to the Blackstone . . .
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