Texas County & District slates $200 million for opportunistic credit

Texas County & District Retirement System, Austin, committed $200 million to Beach Point TX SCF, an opportunistic credit separate account managed by Beach Point Capital Management, a transaction report showed.

The Beach Point commitment is the first this year to opportunistic credit by the investment team of the $27 billion pension fund.

TCDRS committed $100 million to one opportunistic credit strategy in 2016 and a total of $350 million to two strategies in 2015.