Texas County & District Retirement System, Austin, committed an additional $25 million to Taconic CRE Dislocation Onshore Fund III, a transaction report showed.
The add-on commitment to the fund, managed by Taconic Capital Advisors, was made from the $41.9 billion pension plan's $4.8 billion strategic credit portfolio.
The system made an initial commitment of $100 million on April 9 to the fund, which will invest in opportunistic real estate debt.
As of Nov. 9, TCDRS committed a total of $183 million to three strategies managed by three private credit firms, the transaction report showed.
In all of 2020, TCDRS committed a total of $150 million to two strategic credit strategies managed by two managers.
