The $30.7 billion Texas County & District Retirement System, Austin, made its fifth commitment to direct lending strategies this year with a $100 million commitment to AG Essential Housing, managed by Angelo Gordon & Co., a transaction report showed.
The Texas fund has already committed to other direct lending Angelo Gordon strategies, including a total of $450 million to a separately managed account in 2017 and 2018.
As of Sept. 25, TCDRS investment officers committed a total of $667 million from the system's $2.8 billion direct lending portfolio to five strategies, including the Angelo Gordon commitment.
In all of 2019, the system committed a total of $986 million to six direct lending funds, transaction reports showed.
