Institution: Texas County and District Retirement System
Headquarters: Austin, United States
Allocation to alternatives: 36.55%
Texas County and District Retirement System (TCDRS) has agreed to commit $150 million to Davidson Kempner Long-Term Distressed Opportunities Fund V. The fund focuses on acquiring distressed corporate and real estate debt.
The $31.92 billion public pension has an 18.0 percent target allocation to private equity that currently stands at 15.18 percent.
As illustrated below, TCDRS is a repeat investor to this Davidson Kempner fund series, having previously committed a total of $165 million to the fund’s predecessors.
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