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Recent Investment Activity
See our recent board activity and investment commitments.
Board of Trustees
December 2023
Cliffwater presented the 2024 private markets annual plan.
Past Board Meetings
September 2023
In accordance with board policy, the investment consultant, Cliffwater, presented a formal review of the current REIT portfolio managers. The board approved retention of Cohen & Steers and Dimensional Fund Advisors.
June 2023
In accordance with board policy, the investment consultant, Cliffwater, presented a formal review of the current master limited partnerships and index fund managers. The board approved retention of Harvest Fund Advisors as MLP manager and State Street Global Advisors as manager of the index funds.
Pursuant to state law, TCDRS must select an independent firm to evaluate investment practices and performance every three years. The board adopted the Resolution to Accept 2023 Investment Practices and Performance Report after Cliffwater provided the required report.
March 2023
The board approved the 2023 capital market assumptions as recommended by Cliffwater and updated the investment policy to include the new assumptions, as well as to revise investment constraints for private equity co-investments and hedge funds. In accordance with the board’s policy to periodically assess the investment consultant, the board approved retention of Cliffwater, LLC.
About TCDRS
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recent investments
Commitments
Explore our most recent investment activity below, or use the dropdowns to search years’ past.
Asset class | Closing/subs date | Manager name | Commitment | View archive |
Hedge Funds | - | - | - | |
Strategic Credit | January 26, 2024 |
Chorus Capital Credit Fund V USD SCSp |
$100 Million |
|
Distressed Debt | - | - | - | |
Direct Lending | - | - | - | |
Private Equity | January 3, 2024 January 31, 2024 February 2, 2024 February 15, 2024 February 15, 2024 |
TCG Crossover Fund II, L.P. Carnelian Energy Capital V, L.P. TCG Labs Fund I, LP Main Capital VIII Coöperatief U.A. Main Foundation II Coöperatief U.A. |
$30 Million $50 Million $10 Million €35 Million €22 Million |
|
Private Real Estate | - | - | - |