TCDRS adds over $660m to three alts strategies

The Texas County and District Retirement System added $663 million to direct lending, private equity and real estate funds in the second half of November, documents show.

The $42 billion pension committed $200 million to the Silver Point Specialty Credit Silver Star Fund within its $4 billion direct lending program that has logged over $1 billion in investments over the course of 2021.

Within the larger $9.9 billion private equity portfolio, returns were over 58% for the year ending Sept. 30 as officials added three more funds: TSG Consumer Partners’ TSG9 ($150 million); Carnelian . . .

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