Recent Investment Activity

See our recent board activity and investment commitments.

Board of Trustees

March 2025

The board approved the 2025 capital market assumptions as recommended by Cliffwater. The board also adopted the 2025 asset allocation plan as proposed by CIO and Cliffwater. The board updated the investment policy to reflect these changes. Finally, the board voted to retain NEPC as the general investment consultant and Albourne as the alternative investments consultant.

Past Board Meetings

December 2024

The board voted to solicit a Request for Qualifications for investment consulting services. 

September 2024

The board amended the investment policy to delegate investment manager selection to the investment officer after successful due diligence review by the investment consultant and TCDRS staff.

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 - - -
Distressed Debt - - -
Direct Lending

January 14, 2025

January 21, 2025

February 6, 2025

March 1, 2025

Pathlight Capital Evergreen Fund LP

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

Arbour Lane - TX, L.P.

Dawson Evergreen (Master) 1 LP

$100 Million

$150 Million

$150 Million

$100 Million

Private Equity

January 31, 2025

February 28, 2025

March 4, 2025

March 7, 2025

March 7, 2025

March 7, 2025

March 25, 2025

Pamlico Capital Fund VI, L.P.

Adelis Equity Partners Fund IV AB

Shine Capital III, L.P.

Lightspeed Venture Partners XV-A (Inception), L.P.

Lightspeed Venture Partners XV-B (Ignite), L.P.

Lightspeed Venture Partners Select VI, L.P.

Mainsail Partners VII, L.P.

$50 Million

€5 Million

$75 Million

$12.37 Million

$15.13 Million

$22.5 Million

$40 Million

Private Real Estate - - -