Recent Investment Activity

See our recent board activity and investment commitments.

Board of Trustees

September 2021

Cliffwater presented a due diligence review report on the investment managers for Investment Grade Bonds and TIPS, and the board approved retention of PGIM, Jennison, Dodge & Cox, and Western Asset.

 

Past Board Meetings

June 2021

The board amended the TCDRS Investment Policy to synchronize the definition and investment guidelines for private equity co-investments.

March 2021

The board approved the 2021 capital market assumptions as recommended by Cliffwater and adopted adjustments to the asset allocation. The asset allocation is projected to earn 7.6% over the long term based on the updated capital market assumptions and has an expected risk of 12.65%. The investment policy was amended to update the performance objective and include the newly adopted assumptions and asset allocation.

December 2020

Cliffwater presented the 2021 private markets annual plan and the board adopted a clarifying amendment to the investment policy concerning the definition of co-investments.

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, 2021

March 25, 2021

 

April 9, 2021

Napier Park-TX Opportunistic Credit Fund LP

Alcentra Structured Credit Opportunities Fund IV (USD) L.P.

Taconic CRE Dislocation Onshore Fund III L.P.

$7.6 Million

$50 Million

 

$100 Million

Distressed Debt

March 22, 2021

April 1, 2021

June 23, 2021

July 19, 2021

Taconic European Credit Dislocation Fund III L.P.

Marblegate Onshore Partners Fund II, L.P.

Arbour Lane Credit Opportunity Fund III (A), L.P.

Cheyne European Strategic Value Credit Fund II

$100 Million

$100 Million

$175 Million

$22.5 Million

Direct Lending

January 1, 2021

February 10, 2021

February 26, 2021

March 12, 2021

March 23, 2021

April 23, 2021

May 13, 2021

June 30, 2021

July 14, 2021

August 2, 2021

CapitalSpring Investment Partners VI, LP

Cerberus Real Estate Debt Fund, L.P.

Comvest Credit Partners V, L.P.

Ares Pathfinder Fund, L.P.

Ares European Credit Strategies Fund X (T), L.P.

Atalaya A4 LP

WTI Fund X, LLC

400 Capital TX COF II LP

Hayfin Healthcare Opportunities Fund (US Parallel) LP

AG Essential Housing Fund II, L.P.

$85 Million

$50 Million

$100 Million

$25 Million

$200 Million

$50 Million

$25 Million

$25 Million

$100 Million

$150 Million

Private Equity

February 4, 2021

February 10, 2021

February 26, 2021

February 26, 2021

March 16, 2021

March 16, 2021

April 1, 2021

April 1, 2021

April 6, 2021

April 15, 2021

April 30, 2021

May 10, 2021

May 14, 2021

May 14, 2021

May 27, 2021

May 27, 2021

May 28, 2021

May 28, 2021

May 28, 2021

June 30, 2021

July 19, 2021

July 23, 2021

July 23, 2021

August 26, 2021

September 21, 2021

September 21, 2021

September 22, 2021

Marlin Heritage Europe II, L.P.

Juxtapose Ventures II, L.P.

Shamrock Capital Growth Fund V, L.P.

TCG Crossover Fund I, L.P.

Source Code Venture Fund V L.P.

Source Code Growth Fund II L.P.

Genstar Capital Partners X, L.P.

Genstar X Opportunities Fund I, L.P.

IDG Breyer Capital Fund L.P.

Vida Ventures III, L.P.

Roark Capital Partners VI (T) LP

Hellman & Friedman Capital Partners X, L.P.

Linden Capital Partners V LP

Linden Co-Investment V LP

TA XIV-A, L.P.

TA Select Opportunities Fund II-A, L.P.

Shine Capital I, L.P.

Lux Ventures VII, L.P.

Lux Total Opportunities, L.P.

Gaocheng Fund II, L.P.

Nautic Partners X, L.P.

Sky9 Capital Fund V, L.P.

Sky9 Capital MVP Fund II, L.P.

Riverside Micro-Cap Fund VI, L.P.

LSC V, L.P.

LSC Select II, L.P.

Spectrum Select Opportunities-A, L.P.

€20 Million

$30 Million

$50 Million

$20 Million

$17 Million

$23 Million

$110 Million

$25 Million

$30 Million

$75 Million

$100 Million

$150 Million

$85 Million

$15 Million

$130 Million

$70 Million

$15 Million

$20 Million

$40 Million

$60 Million

$100 Million

$40 Million

$10 Million

$125 Million

$18 Million

$17 Million

$25 Million

Private Real Estate

January 21, 2021

March 23, 2021

May 14, 2021

June 17, 2021

June 22, 2021

June 30, 2021

July 12, 2021

July 30, 2021

August 2, 2021

August 23, 2021

Roxborough Fund III, L.P.

SRE Opportunity Fund IV, L.P.

Whitman/Peterson IV, LP

Victory European Real Estate Fund II (A) SCSp

FCP Realty Fund V, L.P.

Carlyle Realty Partners IX, L.P.

Roxborough Fund III, L.P.

Victory European Real Estate Fund II (A) SCSp

Whitman/Peterson IV, LP

Whitman/Peterson IV, LP

$45 Million

$100 Million

$94.25 Million

€65 Million

$125 Million

$125 Million

$55 Million

€12.5 Million

$9.5 Million

$21.25 Million