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Oklahoma Firefighters earmarks $100 million for 2 secondary funds

Oklahoma Firefighters Pension & Retirement System, Oklahoma City, committed $100 million total to two private equity secondary funds, said Troy Brown, director of consulting at AndCo Consulting, investment consultant to the roughly $2.3 billion pension fund, in an email.

The pension fund committed $50 million each to Ardian's Early Secondaries Fund VI and Pomona Capital IX.

The pension fund previously committed $40 million each to Ardian Secondary Fund VI and Pomona Capital VIII in 2014.

These commitments will fall under the pension fund's “other assets” portfolio, which has an 8% target.