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El Paso City puts another $15 million with secondary private equity fund

El Paso (Texas) City Employees' Pension Fund committed an additional $15 million to Portfolio Advisors Secondary Fund III, a secondary private equity fund, said recently released board meeting minutes.

The pension fund committed $15 million to the fund in June 2016. Later in the year, the fund raised its private equity target to 10% from 7%.

Robert Ash, executive director of the $700 million pension fund, could not immediately be reached for additional information.