Texas pension adds over $900m to direct lending in 2021

The $37 billion Texas County & District Retirement System added another $100 million mandate to its rapidly growing direct lending portfolio.

So far this year $910 million has been added to this segment of the credit portfolio, which makes up 29% of overall assets at the pension system. In 2020, officials tapped seven funds to handle $867 million in capital.

Pathlight Capital Fund II was awarded a $100 million commitment earlier this month, making it the 11th direct lending fund to be added to the program this year. Other recent allocations include: 400 Capital TX . . .

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