Texas pension system adds multiple alts funds

While Texas County & District Retirement System trustees didn’t meet in July, staffers remained busy onboarding seven funds in recent weeks.

Direct lending saw the biggest asset push with another $250 million in fresh capital from the $37 billion pension fund. Hired were: AG Essential Housing Fund II ($150 million) and Hayfin Healthcare Opportunities Fund (US Parallel) ($100 million). Last year, TCDRS saw gains of 7.1% in the direct lending program that is tucked under credit broadly.

Private equity saw 2020 gains of 27.4%, according to the system’s annual report released . . .

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