Texas County & District Retirement System, Austin, committed $75 million to Incline Aviation Fund, an infrastructure-focused direct lending fund, a transaction report on the $24.7 billion pension fund's website showed.
The fund is managed by BBAM, which arranges aircraft leasing and financing to airlines globally.
The Incline Aviation Fund is the pension fund’s third commitment to direct lending strategies so far this year. TCDRS previously committed $100 million each to Crescent (TX) Direct Lending Co-Investment Fund, managed by Crescent Capital Group; and Blackstone Real Estate Debt Strategies III, managed by Blackstone Group, according to the transaction report.
