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TCDRS approves $125m commitment

The US public pension has backed a North America-focused corporate debt fund.

Institution: Texas County and District Retirement System
Headquarters: Austin, United States
AUM: $32.11bn
Allocation to alternatives: 39.31%
Bitesize: $50-100m

Texas County and District Retirement System has agreed to commit $125 million to Blackstone Life Sciences V, according to the pension’s December 2019 investment news.

The $32.11 billion US public pension has an 18.0 percent of target allocation to private equity that currently stands at 15.99 percent.

As illustrated below, TCDRS has made several commitments to private equity funds with a 2019 vintage, which combined constitute $2.04 billion.

Platinum subscribers may click here for the investor’s full profile, including key contacts, allocation strategy and fund investments.