Texas County & District Retirement System, Austin, committed $50 million to Davidson Kempner Special Opportunities Master Fund II within the $23 billion fund’s opportunistic credit/direct lending portfolio.
The commitment is TCDRS’ second to a Davidson Kemper Capital Management distressed credit fund; the first was $75 million to Davidson Kempner Long-Term Distressed Opportunities Fund II in February 2013, according to a transaction report on the retirement system's website.
