Texas County & District Retirement System, Austin, committed $65 million to Centerbridge Capital Partners III on Oct. 24, a transaction report on the $23 billion pension fund’s website showed.
The investment team of the private equity fund will concentrate on finding corporate distressed debt and buyout opportunities among North American and European companies.
The commitment to the Centerbridge Partners fund was TCDRS’ fourth to a private equity fund in October. In all, the pension fund committed $175 million to private equity funds in the month, with $50 million committed to Baring Asia Private Equity Fund VI; $35 million to Advent Latin American Private Equity Fund VI-H; and $30 million to buyout fund Wynnchurch Capital Partners IV.
