TCDRS approves $75m commitment

The US public pension has backed a North America-focused private equity fund.

Institution: Texas County and District Retirement System
Headquarters: Austin, United States
AUM: $29.16bn
Allocation to alternatives: 37.23%
Bitesize: $200-500m

Texas Country and District Retirement System (TCDRS) has agreed to commit $75 million to Canyon CLO Fund II, according to the pension’s monthly report.

The $29.16 billion US public pension has a 18.0 percent current and target allocation to private equity.

As illustrated in the charts below, TCDRS has made five commitments to private equity funds with a 2019 vintage which combined constitute $255 million.

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