Texas County & District Retirement System, Austin, committed $100 million to Monarch Capital Partners VI.
The $48.1 billion pension fund disclosed the Sept. 30 commitment to the distressed situations and opportunistic credit fund managed by Monarch Alternative Capital in an investment activity update on its website.
It is the pension fund’s first commitment to the manager.
As of June 30, the pension fund’s actual allocation to distressed debt was 3.8%; the target is 4%.
