Texas County and District Retirement System

State retirement systemmunicipal· Texas

State retirement system, based in Texas, reporting $47B in assets, for 378,960 participants.

Composed from this allocator's classification, location and filed figures.

Assets
$47B
Fund commitments
15
Managers
10
As of · the latest dated event for this allocator; each figure carries its own filing or report date

Nothing material in the last 90 days. Last change: 5 Mar 2026, Texas County and District Retirement System (TCDRS) selects KPMG as general consultant.

4 more people, 7 more managers, 12 more commitments and 21 more dated events

Every figure, date and source on this page is shown. The names behind them, and every related record, open with the complete profile.

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People to know

View all people
  • Chief Investment Officer
    Why: Chief investment officer: owns the allocation decision
    No route on file yet
  • Deputy Chief Investment Officer
    Why: Chief investment officer: owns the allocation decision
    No route on file yet
  • Executive Director
    Why: Executive director: runs the plan or the office
    No route on file yet

Capital path

who backs this record, through what, into what; each name opens its own path
Who decides
All 7
Texas County and District Retirement System
Funds committed to
All 11
Managers
All 10

Relationship network

35 connected entities15 observed commitments1 repeat counterparty$697M disclosed commitments (14 commitments)4 dated commitments shown here, 2024

From board minutes, annual reports, Form 5500 filings and public records of commitments, consultants and staff in the allocator graph. Commitment amounts are those the allocator disclosed; many are not printed, and none is estimated.

Some relationships on this record are counted rather than named here. They open with the full profile.

Click any name or line for the commitments and sources behind it. Line weight is commitments together; dashed lines are inferred.

What stands out
Reading the network
  • Sponsor
  • Fund or vehicle
  • Service provider
  • Person
›How strength and recency are read

Managers, funds and consultants are read from the commitments: three or more is a strong observed relationship, two a repeat counterparty. No consultant link is marked current on the source, so none is labelled current or former here. Related plans, people and plan service providers are ordered by what the filing shows.

Darker lines were active in the last 24 months or are current; lighter lines are older or undated.

Size, funding, policy and commitments, with their basesState retirement systemShow
State retirement system
Assets
$47B
Total assets, Jun 30, 2024 derived
Funded
not on record
not filed
Private markets target
no policy read
no policy read
Commitments
15
14 dated closings

Consultants and advisers

3 firms

Decision makers

who to call first about an allocation, and why; then everyone else by function
  • Casey Wolf · Chief Investment Officer
    Why this person: Chief investment officer: owns the allocation decision; Named with investment responsibility
  • Jon Shoen · Deputy Chief Investment Officer
    Why this person: Chief investment officer: owns the allocation decision; Named with investment responsibility
  • Amy Bishop · Executive Director
    Why this person: Executive director: runs the plan or the office

Ranked by the role the firm or its filing states, a route on file and deals led. Every reason is read from the record, never inferred. Routes are published by the person or the firm (their bio, the team page or a filing) and are revealed on a plan; data bought from a provider is never shown, and a route printed at a firm the person has since left is held back.

People

7 roles
Chief investment officer
Casey Wolf
Chief Investment Officer (Mar 5, 2026) tcdrs.org
p.1: Casey Wolf, Chief Investment Officer
  • Jon Shoen Deputy Chief Investment OfficerDeputy CIO
  • Amy Bishop Executive DirectorExecutive director / CEO

+4 more people on the investment staff and board

Every name, title and published role at this allocator, with the page it was read from.

Includes 3 days of DFX Intelligence. Then $199/month unless canceled.

Manager roster

10 managers on the commitment tape
From the plan’s own commitment disclosures

+7 more managers received commitments

Every name, record and relationship behind this count, with the source on each.

Includes 3 days of DFX Intelligence. Then $199/month unless canceled.

What changed

26 events
  • Mar 5, 2026Policy updated
    Texas County and District Retirement System (TCDRS) adopts a policy change: investment policy - asset class targets
  • Mar 5, 2026Consultant changed
    Texas County and District Retirement System (TCDRS) selects KPMG as general consultant
    with Kpmg Limitedtcdrs.org
  • Mar 5, 2026Policy updated
    Texas County and District Retirement System (TCDRS) adopts a policy change: asset allocation plan
  • Sep 11, 2025Policy updated
    Texas County and District Retirement System (TCDRS) adopts a policy change: private market investment vehicles
  • Mar 19, 2025Policy updated
    Texas County and District Retirement System (TCDRS) adopts a policy change (see the minutes)

+21 more dated events

Every name, record and relationship behind this count, with the source on each.

Includes 3 days of DFX Intelligence. Then $199/month unless canceled.

Board record: approvals, recommendations, searches, terminations and re-up prospects for this system.

Commitments

15 rows, 15 dated closings
DateFundManagerBucketAmountVintageStatusSource
Dec 20, 2024GTCR Strategic Growth Fund II LPGtcr LLCn/a$60.0MCommitted (dated)tcdrs.org
Dec 20, 2024TCG Labs Opportunity I, LPTCG Labsn/a$30.0MCommitted (dated)tcdrs.org
Dec 19, 2024Adelis Equity Partners Fund IV ABAdelis Advisory IV Abn/a$50.0MCommitted (dated)tcdrs.org

+12 more commitments

Every fund and manager this allocator committed to, with the amount, date and source on each.

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Size and funding

48 readings
Total assets
$47B Jun 30, 2024 derived Census ASPP
$42B (2023-06) · $45B (2022-06)
Fiduciary net position
$41B Jun 30, 2023 reported Census ASPP
$39B (2022-06)
Long-term investments
$46B Jun 30, 2024 reported Census ASPP
$42B (2023-06) · $44B (2022-06)
Total pension liability
$5.3B Jun 30, 2023 derived Census ASPP
$5.0B (2022-06)
Discount rate
7.50% Jun 30, 2022 reported Census ASPP
Participants
378,960 Jun 30, 2024 derived Census ASPP
361,639 (2023-06) · 345,065 (2022-06)
Active members
152,417 Jun 30, 2024 reported Census ASPP
145,226 (2023-06) · 144,107 (2022-06)
Beneficiaries
85,298 Jun 30, 2024 reported Census ASPP
82,031 (2023-06) · 78,206 (2022-06)
Benefits paid
$2.1B Jun 30, 2024 reported Census ASPP
$2.0B (2023-06) · $1.8B (2022-06)
Investment expense
$43.1M Jun 30, 2024 reported Census ASPP
$49.2M (2023-06) · $56.8M (2022-06)

Provenance

Identifiers: Census PID6 226297
Cross-graph: no entry on another DFX graph
First observed Sep 15, 2026, last observed Sep 30, 2026. Classification confirmed. Every row above carries its source; a reported figure is the subject’s own, a derived one is arithmetic on reported figures, an estimated one is a model or a survey imputation and is never summed into a headline.

Not yet on record: funded ratio, private markets allocation target, allocation policy.

Capital chain

Texas County and District Retirement System sits on 30 traced paths of capital across the graphs.

Allocator to PE fund to manager to companyAllocator commitments to a manager

DFX traced 30 paths of capital through this record

Every record on each path, what it committed or lent, and as of when.

Includes 3 days of DFX Intelligence. Then $199/month unless canceled.

Derived from allocator disclosures, BDC schedules and SEC filings; confidence is the weakest hop.

Checking your plan…

Record history

26 dated events on the change ledger, latest event first
  • Consultant changed
    2026-03-05source on record
  • Policy updated
    2026-03-05source on record
  • Policy updated
    2026-03-05source on record

+23 more changes on this record's ledger

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The ledger records every merge, rename and reclassification this record went through and the dated filings observed on it, so the identity on this page can be traced to the records it was built from. The ledger's own sentences name other records, so they show with the names.

›Connections

every published relationship on the graph

+14 connections on the graph

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