Searches and Hires

Houston Municipal Employees commits $60 million to alternatives

Houston Municipal Employees Pension System committed up to $60 million total to two alternatives funds, spokesman Peter Koops said in an email.

The $2.3 billion pension fund committed up to $40 million in Summit Partners Credit Fund III, a high-yield debt, middle-market lending fund; and up to $20 million to The Resolute Fund IV, a middle-market buyout fund managed by The Jordan Co.