Texas County & District Retirement System, Austin, made a follow-on commitment of $100 million to Pathlight Capital Evergreen Fund.
The $49.7 billion pension fund disclosed the Jan. 14 follow-on commitment to the evergreen direct lending fund in an investment activity update on its website.
TCDRS originally committed $100 million to the fund in October 2022.
As of Sept. 30, the pension fund’s actual allocation to direct lending was 14.2%; the target is 16%.