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Texas County & District adds to Napier Park account

Texas County & District Retirement System, Austin, made a follow-on commitment of $50 million to Napier Park-TX Opportunistic Credit Fund, a transaction report showed.

The $30.2 billion pension fund allocated the commitment to its $2.2 billion strategic credit portfolio and previously had committed $100 million to the customized separate account managed by Napier Park Global Capital.

Year-to-date as of Nov. 1, the pension fund has committed a total of $750 million to eight strategic credit funds compared to $250 million to two funds in 2017.