Dallas-Fort Worth International Airport Board approved commitments totaling $20 million for its $943 million pension fund.
The board approved commitments of $10 million each to Deerpath Capital VII, a lower-middle-market, senior direct lending fund managed by Deerpath Capital Management, and Tenex Capital Partners IV, a buyout fund managed by Tenex Capital Management, at its June 6 meeting, recently released minutes showed.
Both are existing managers for the pension fund. The board previously committed $10 million to Deerpath Capital VI in 2022 and $8 million to Tenex Capital Partners III.
Investment consultant Mariner Institutional assisted.
