Texas County & District sets $50 million for opportunistic credit fund

Texas County & District Retirement System, Austin, committed $50 million to Davidson Kempner Special Opportunities Fund IV on July 28, a transaction report showed.

The opportunistic credit fund, managed by Davidson Kempner Capital Management, is the second commitment by the $27 billion fund to the asset class year-to-date.

On July 13, TCDRS committed $200 million to Beach Point TX SCF, an opportunistic credit separate account managed by Beach Point Capital Management, the transaction report showed.

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