Texas County & District Retirement System, Austin, committed $150 million to Irradiant CLO Opportunities Fund.
The $43.8 billion pension fund disclosed the Aug. 7 commitment to the collateralized loan obligation fund managed by Irradiant Partners in an investment activity report update on its website.
The commitment falls under the retirement system’s strategic credit asset class, which has a target allocation of 9%.
TCDRS previously committed $75 million to the Irradiant CLO Partners Fund III in 2022, according to an investment activity report on its website.
A spokesperson was not immediately available for comment.
