Searches and Hires

Baltimore City Fire & Police pledges $36 million to 2 managers

Baltimore City Fire & Police Employees' Retirement System committed $36 million to two managers, confirmed spokeswoman Amy Baskerville.

It committed $16 million to Greenspring Secondaries Fund III, a venture capital secondaries fund managed by Greenspring Associates, and $20 million to EnCap Flatrock Midstream Fund IV, a natural resources fund.

The $2.7 billion pension fund has a 10% target allocation to private equity and a 6.2% actual allocation as of Sept. 30.

The decisions were made at the board of trustees meeting Tuesday.