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Texas Employees sets $30 million for KSL Capital Partners credit fund

Texas Employees Retirement System committed $30 million to KSL Capital Partners Credit Opportunities Fund II.

The mezzanine private equity fund will invest in U.S. travel and leisure companies. It was the only private investment placement the investment team of the $26.1 billion fund made in March, said spokeswoman Meagan Hoffman in an email.

The credit opportunity commitment is the Austin-based fund’s fourth private equity commitment so far in 2017.