Texas Employees Retirement System, Austin, committed $100 million to Castlelake IV.
The $24.5 billion fund made the commitment to the private equity credit fund in September, according to a transaction report for the month provided by Betty Martin, director of investment services.
The latest commitment is part of the pension fund’s fiscal year 2016 private equity pacing plan. The investment staff intends to commit a total of $950 million to between six and 10 private equity and co-investment opportunities before the fiscal year ends Aug. 31, 2016.
