Institution: Texas County and District Retirement System
Headquarters: Austin, US
AUM: $35.7 billion
Allocation to alternatives: 49.2%
Texas County & District Retirement System has confirmed $150 million-worth of private equity commitments in March 2021, according to the pension’s recent investment activity report.
The commitments comprised of $100 million to Marblegate Partners Onshore Fund II and $50 million to Alcentra Structured Credit Opportunities Fund IV. TCDRS has previously committed $75 million to Marblegate‘s maiden onshore fund. Alcentra is currently in market seeking $500 million of LP capital for its fourth structurred credit vehicle.
The $35.7 billion US pension has a private equity target allocation of 25 percent, which currently stands at 19.1 percent.
As illustrated below, TCDRS’s recent commitments have targeted private equity vehicles that focus on a variety of strategies, sectors and regions.
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