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Texas County & District Retirement System (TCDRS)
Pension fund · Austin, United States
Helps Texans plan for the future by partnering with county and district employers to provide retirement benefits
Who Texas County & District Retirement System (TCDRS) is.
Where the institution came from, whose capital it manages, and how that capital is allocated — from Dealroom's LP research.
Historical Background
- The Texas Legislature established the Texas County & District Retirement System (TCDRS) in 1967.
- It was created to provide retirement, disability, and survivor benefits for employees of Texas counties and districts.
Source of Capital
- TCDRS is a public pension fund.
- Capital is sourced from contributions made by the participating county and district employees and their employers; the system receives no funding from the State of Texas.
Allocation Strategy
- The system allocates a significant portion of its portfolio to alternatives, with a target of 49% in private assets such as private equity, real estate, and various credit strategies.
- TCDRS's investment strategy is diversified across multiple asset classes to manage risk and achieve long-term return goals.
- As of its stated targets, the portfolio is allocated as follows: Private Equity (25%), Global Public Equities (21%), Direct Lending (17%), Systematic Credit (10%), Distressed Debt (8%), Real Estate (7%), Stable Value Hedge Funds (6%), and Risk Parity (6%).
The funds Texas County & District Retirement System (TCDRS) backs.
Texas County & District Retirement System (TCDRS) is a limited partner in 181 funds. 24 of them place in the Power Law Investor Ranking, and the best-ranked are shown here.
How Texas County & District Retirement System (TCDRS)’s fund book is spread.
The 181 funds Texas County & District Retirement System (TCDRS) backs, by where the manager is headquartered and how many funds that manager has raised.
Where those managers are based
By fund headquarters.
- North America 14379%
- Europe 2614%
- Rest of world 127%
United States 142 · United Kingdom 17 · China 9 · Germany 2
How established those managers are
Managers grouped by how many funds they have raised. 56 emerging (three funds or fewer), 79 established — across the 135 of 181 with a fund history on record.
Other LPs.
Other pension funds in the Power Law LP ranking, closest to Texas County & District Retirement System (TCDRS) by combined power-law score — North America first, then the nearest worldwide.