Houston Police Officers' Pension System committed $15 million to DW Healthcare Partners III, according to recently obtained minutes of the January board meeting.
Consultant Franklin Park assisted the $3.5 billion pension fund. The private equity fund invests in small health-care companies based in North America.
Separately, the system reduced its allocation to emerging markets debt by $25 million. No further information was provided. Executive Director John Lawson did not return a telephone call by press time.