Recent Investment Activity
See our recent board activity and investment commitments.
Board of Trustees
September 2020
Cliffwater presented a due diligence review report on the REIT managers, and the board approved retention of Cohen & Steers and Dimensional Fund Advisors.
2020 Board Meetings
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%.
Cliffwater presented a due diligence review report on the index funds’ manager, and the board approved retention of State Street Global Advisors as manager.
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.
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 | 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 July 31, 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. Atalaya Asset Income Fund V LP |
$167 Million $150 Million $150 Million $100 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 August 5, 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. Accel-KKR Emerging Buyout Partners, LP |
$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 $30 Million $50 Million €90 Million $37.5 Million $6.4 Million $50 Million |
|
| Private Real Estate | - | - | - |