Texas County & District Retirement System, Austin, committed $50 million to Davidson Kempner Special Opportunities Fund III, said a transaction report on the $24.6 billion pension fund’s website.
Year-to-date through Monday, TCDRS committed a total of $350 million from its credit opportunities allocation, the transaction report showed.
The pension fund committed $50 million from its credit opportunities asset class in October 2014 to Davidson Kempner Capital Management’s predecessor fund, Special Opportunities Fund II.
In February, TCDRS committed $75 million from its distressed debt allocation to Davidson Kempner Long-term Distressed Opportunities Fund III.
