# Texas County & District Retirement System

Texas County & District Retirement System is a Pension Fund based in Austin, United States.

## Overview

- **Organization type:** Pension Fund
- **Headquarters:** Austin, United States
- **Region:** North America
- **Address:** 901 S. MoPac Expy. Barton Oaks Plaza IV, Ste. 500, Austin, TX 78746, United States
- **Founded:** 1967
- **Assets under management:** Undisclosed
- **Website:** tcdrs.org
- **LinkedIn:** https://www.linkedin.com/company/tcdrs

## Regulatory record

- **Reports private funds:** No

## About

The Texas County & District Retirement System was established in 1967 to administer retirement, disability, and survivor benefits for eligible public employees in Texas counties and districts. Amy Bishop has served as executive director since 1994. The system targets private equity, venture capital, real estate, private credit, and hedge funds. Confirmed commitments include Threshold Ventures IV, Lightspeed Venture Partners XIV, Hillhouse Venture Fund VI, TA XV-A, Lux Ventures VIII, Adelis Equity Partners Fund IV, GTCR Strategic Growth Fund II, Arbour Lane Credit Opportunities Fund IV, Crescent Direct Lending Levered Fund IV, Blackstone Real Estate Debt Strategies IV, Kayne Private Energy Income Fund III, and Ares Pathfinder Fund II. Allocations span buyout, growth, and venture stages. Geographic exposure centers on North America with additional indicated positions in Europe, Asia, the Middle East, and South America. Casey Wolf oversees the investment portfolio. The system maintains memberships in TEXPERS, ILPA, CII, and PREA. It sponsored the TCDRS Annual Conference in Austin in July 2026 and spoke at the Texas Emerging Manager Conference in February 2024 on emerging manager programs. The system operates with statutory authority that separates benefit administration from investment decisions. It retains BNY Mellon as custodian, Cliffwater as investment consultant, and Milliman as actuary while using multiple Texas law firms for counsel.

## Sectors

- Private Equity
- Venture Capital
- Real Estate
- Private Credit
- Hedge Funds

## People

- Amy Bishop — Executive Director
- Casey Wolf — Chief Investment Officer
- Deborah Hunt — Chair
- Chris Davis — Vice Chair

## Questions

### Who runs investment decisions at Texas County & District Retirement System?

Casey Wolf serves as chief investment officer and oversees the portfolio. Amy Bishop has led the system as executive director since 1994. The board of trustees, chaired by Deborah Hunt with Chris Davis as vice chair, sets policy.

### Does Texas County & District Retirement System participate in fund commitments or only direct deals?

The system makes both fund commitments and direct co-investments. It holds limited partner interests in multiple venture, private equity, and credit funds while maintaining a direct deal program.

### What investment stages does Texas County & District Retirement System typically target?

The system targets buyout, growth, and venture capital stages. It also allocates to distressed debt, secondaries, and special situations through fund and co-investment vehicles.

### Which sectors does Texas County & District Retirement System explicitly avoid?

No explicit sector exclusions appear in available records. The system maintains a diversified mandate across financial services, energy, healthcare, technology, and industrials.

### How does Texas County & District Retirement System source proprietary deal flow?

The system sources through relationships with general partners and participation in industry associations including ILPA and TEXPERS. It also engages emerging managers via conference activity.

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- [People's Partnership](https://altss.com/profile/people-s-partnership)
- [BDT & MSD Partners](https://altss.com/profile/bdt-msd-partners)

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Last updated: 2026-07-06T00:38:59.983Z

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