During the month of June, the board of the $40 billion Texas County & District Retirement System (TCDRS) committed an additional $143 million to private equity and private real estate investments.
Also, at its June 16 meeting, the system’s board received a due diligence report on the pension fund’s active international equity managers from its consultant, Cliffwater, and amended the system’s investment policy to clarify its concentration limit for private equity funds and to update renamed fixed-income benchmarks (from Barclays . . .
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