Texas County & District Retirement System, Austin, committed $25 million to Silver Point Select Overflow Fund.
The $48.1 billion pension fund disclosed the Nov. 1 commitment to the distressed debt fund managed by Silver Point Capital in an investment activity update on its website.
TCDRS previously committed $250 million to Silver Point Distressed Opportunity Institutional Partners II in 2023.
As of June 30, the pension fund’s actual allocation to distressed debt was 3.8%; the target is 4%.
