San Antonio Fire & Police pledges $25 million to venture cap, private equity

San Antonio Fire & Police Pension Fund committed $15 million to Venture Lending & Leasing VII, a venture capital debt and leasing fund managed by Western Technology Investment, according to recently released minutes of the pension fund's Nov. 27 board meeting.

The $2.2 billion pension fund also committed $10 million to Medley Opportunity Fund II, a private equity fund managed by Medley Partners.

Separately, the pension plan reported it returned 13.4% for the fiscal year ended Sept. 30.

Matthew O'Reilly, chief investment officer, did not return a telephone call seeking more information by press time.