LP profile · Pension fund
Texas County & District Retirement System (TCDRS)
Texas County & District Retirement System (TCDRS) is a pension fund headquartered in United States (North America). Ranked #59 in the 2026 Dealroom Power Law LP Ranking by realised power-law score across its venture commitments.
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.
Major Events
- No information available.
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%).