Recent Investment Activity

See our recent board activity and investment commitments.

Board of Trustees

June 2020

The board approved the 2020 capital market assumptions as recommended by Cliffwater and adopted adjustments to the asset allocation. The asset allocation is projected to earn 8% over the long term based on the updated capital market assumptions with an expected risk of 13.01%.

The board received an investment performance report and a report from the outside investment consultant, Cliffwater, and approved the board resolution for approval of investments.

Cliffwater presented a due diligence review report on the index funds’ manager, and the board approved retention of State Street Global Advisors as manager.

 

2020 Board Meetings

April 2020

The investment policy was amended to create a section for the Credit asset class and the board voted to retain the current MLP manager. 

February 2020

The board determined that the allocation of 2019 investment results will be 17.2% to employers’ total plan assets.

December 2019

The board considered reports on investment performance, including a presentation of the private markets annual plan for 2020, and a review of alternative investment portfolios. The board approved the resolution for the approval of investments.

About TCDRS

Explore Why We’re Different

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

​​February 28, 2020

Brigade Senior Tranche Fund (TX) LP

$100 Million

Distressed Debt

February 14, 2020

July 15, 2020

Marblegate Tactical Opportunities Fund III Onshore, L.P.

Taconic Market Dislocation Onshore Fund III L.P.

$50 Million​

$100 Million

Direct Lending

January 17, 2020

February 4, 2020

March 13, 2020

ICG Private Markets Fund SCSp SICAV-RAIF - ICG Sale and Leaseback (USD) I​

​Oak Street Real Estate Capital Fund V, LP

Cerberus Real Estate Debt Fund, L.P.​

$167 Million​​

$150 Million​

$150 Million​

Private Equity

January 15, 2020

January 30, 2020

February 3, 2020

February 4, 2020

February 12, 2020

February 21, 2020

March 2, 2020

March 6, 2020

March 6, 2020

March 17, 2020

March 17, 2020

March 18, 2020

March 24, 2020

April 9, 2020

​May 29, 2020

June 16, 2020

July 3, 2020

July 20, 2020

July 21, 2020

Wynnchurch Capital Partners V, L.P.

Charlesbank Technology Opportunities Fund, L.P.

Pamlico Capital V, L.P.

Water Street Healthcare Partners IV S, L.P.

Odyssey Investment Partners Fund VI, LP.

Vista Foundation Fund IV, LP.

H.I.G. Europe Middle Market LBO Fund, L.P.

Lightspeed Venture Partners XII, L.P.

Lightspeed Venture Partners Select IV, L.P.

Mayfield XVI, A Delaware Limited Partnership

Mayfield Select II, A Delaware Limited Partnership

Summit Partners Europe Growth Equity Fund III, SCSP

EMH Growth Fund II SCSp

Spectrum Equity IX-A, L.P.

​DCVC Bio II, L.P.

Summit Partners Venture Capital Fund V-A, L.P.

Marlin Heritage Europe II, L.P.

H.I.G. Capital Partners VI, L.P.

Riverstone Echo Rollover Fund, L.P.

$70 Million

$50 Million

$50 Million

$25 Million

$110 Million

$75 Million

€100 Million

$25 Million

$75 Million

$20 Million

$20 Million

€75 Million

€50 Million

$50 Million

​$3​0 Million​

$5​​0 Million​

€90 Million

$37.7 Million

$6.4 Million