Texas County & District Retirement System, Austin, committed $100 million to Chorus Capital Credit Fund V, a strategic credit fund focused on bank risk-sharing transactions.
The $43.8 billion pension fund disclosed the Jan. 26 commitment in an investment activity report on its website.
Strategic credit is a subclass of the pension fund's credit exposure. As of Sept. 30, TCDRS had a target allocation of 29% credit, including 9% to strategic credit. At the end of 2022, the pension fund had $4.6 billion in allocations to strategic credit.
