TCDRS approves $100m commitment

The US public pension has backed a North America-focused fund.

Texas County and District Retirement System has made a commitment of $100 million to Taconic Commercial Real Estate Dislocation Fund II. The vehicle follows a strategic credit strategy and is run by New York-based asset management firm, Arbour Lane Capital Management.

The $30 billion US public pension has a 6 percent target allocation to real estate that currently stands at 2.1 percent.

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