Texas pension adds over $500 million to private capital

Texas County & District Retirement System (TCDRS) tapped six managers within its private real estate, direct lending and private equity to handle more than $500 million in the last month.

The majority of capital went to private equity firms as the $38 billion system continues to build up its alternative investment exposure.

The largest allocation of $150 million went to Hellman & Friedman Capital Partners X, which has also received capital recently from the Los . . .

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