TCDRS adds $1.1bn across three key alts portfolios

The $44 billion Texas County & District Retirement System (TCDRS) made several commitments across direct lending, private equity and private real estate totaling $1.1 billion over the last month or so.

Significant activity totaling $500 million was done since early February with three direct lending funds. Added were: Crescent (TX) Direct Lending Fund ($150 million); Cerberus Real Estate Debt Fund II ($200 million); and MGG SF Evergreen Fund ($150 million). The asset class was up nearly 15% in 2021 as exposure to loan funds grew to total $4.8 billion.

The $10.7 billion . . .

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