The $42 billion Texas County & District Retirement System (TCDRS) in Austin retained existing consultant Cliffwater, which in turn has held most of the private market pacing in line with 2022 levels, with the exception of private equity.
At trustees’ March meeting, officials also approved revised investment constraints for private equity and hedge funds. Now private equity annual capital deployment will not be allowed to exceed 15% (up from 10%) of targeted annual commitments. Also . . .
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