The $193 billion Teacher Retirement System of Texas (TRS) and CIFC created a new leveraged loan investment platform called Texas Debt Capital LP that is slated to invest in high-quality senior secured loans.
The fund will initially provide for up to $2 billion in loan purchasing capacity in U.S. and Europe. A CIFC affiliate is the general partner and investment manager of Texas Debt Capital.
CIFC CEO and CIO Steve Vaccaro said the allocation from TRS marked a pivotal point in CIFC’s continued evolution and is a testament to the strength of . . .
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