Texas County & District Retirement System, Austin, committed $100 million to Taconic Commercial Real Estate Dislocation Fund II, an opportunistic credit fund, managed by Taconic Capital Advisors, a transaction report showed.
Investment officers of the $29.4 billion pension fund previously committed $100 million in 2016 to the first fund in Taconic's real estate debt fund series.
TCDRS also invested $18 million in credit-oriented hedge fund Taconic Opportunity Fund in 2011.
With the addition of the latest Taconic fund, TCDRS has committed a total of $475 million to five strategic credit funds year-to-date July 3, according to the report.
