Texas pension ropes in direct lending, PE

Texas County & District Retirement System added four managers to the alternative investment side of its $31 billion investment portfolio in recent weeks, specifically in the areas of direct lending and private equity.

Comvest Partners’ Comvest Credit Partners V will manage $100 million within the direct lending portfolio, which remains active after having seven managers added for more than $800 million in mandates in 2020. The West Palm Beach, Florida firm offers both direct lending investments and private equity programs.

Further boosts to direct lending are likely on the horizon as trustees approved changes to . . .

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