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 . . .
Unlock this article instantly, along with the rest of our premium content and daily, weekly and monthly newsletters. We offer pay-as-you-go monthly subscriptions and discounted annual subscriptions with additional benefits: access to Alternatives Watch Research articles and our Annual Investor Compendium.