The $31 billion Texas County and District Retirement System (TCDRS) in Austin wound down 2020 with one more direct lending commitment to the Incline II Aviation Feeder I LP.
The $100 million allocation is the seventh direct lending investment for the pension system this year, which allocated a total of over $800 million to the asset class that has increased in popularity during the global pandemic. Overall, the system has a 27% target allocation to credit investments, which also include distressed debt.
The Incline fund is managed by BBAM, which is a provider of asset . . .
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