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Tallahassee Pension Plan commits $85 million to 4 funds

Tallahassee (Fla.) Pension Plan made four new commitments totaling $85 million, said Kent Olson, the city's deputy treasurer-clerk.

The $1.5 billion pension fund committed $25 million to BlackRock (BLK) Private Equity Partners VII, a private equity fund of funds, and $20 million each to Heitman Value Partners IV, a real estate fund; Horsley Bridge Fund XII Venture, a venture capital fund of funds managed by Horsley Bridge Partners; and TrueBridge-Kauffman Fellows Endowment Fund V, a venture capital fund of funds managed by TrueBridge Capital Partners.

The pension fund has previously committed to all managers.

Investment consultant Segal Marco Advisors assisted.