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

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

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 - - -