Texas County & District lassos Summit Partners fund

Texas County & District Retirement System, Austin, committed $50 million to Summit Partners Credit Fund II, according to a transaction report on the $20.8 billion pension fund's website.

The commitment is the pension fund's second to Summit Partners' high-yield debt, middle-market lending strategy, having previously invested $40 million in Summit Partners Credit Fund I, confirmed Paul J. Williams, investment officer, in an e-mail.