El Paso (Texas) Firemen & Policemen Pension Fund approved $17 million total in private equity commitments, said Tyler C. Grossman, executive director of the $1.25 billion pension fund, in an email.
The pension fund committed $8.5 million to Vitruvian Investment Partnership III, a buyout fund managed by Vitruvian Partners. It also committed $8.5 million total to Altaris Health Partners IV, a buyout fund managed by Altaris Capital Partners, and its supplemental fund, Altaris Constellation Partners IV.
Both are new manager relationships.
The pension fund has a 10% private equity target and a current allocation of approximately 7%.