Texas County & District Retirement System, Austin, committed $150 million to value-added Oak Street Real Estate Capital Fund VI on Dec. 2, a report from the $40.4 billion defined benefit plan said.
The system's investment staff committed $150 million to the previous fund in Oak Street's series in February 2020.
Funding for the commitment will come from the direct lending portfolio.
The direct lending portfolio, which totaled $5.5 billion as of Sept. 30, is included in the system's $11.6 billion credit portfolio.
TCDRS' target allocation to credit is 29% of plan assets.