Dallas Police & Fire Pension System committed $25 million to Lone Star Fund VIII, a private equity distressed debt fund, confirmed spokeswoman Katie Sibley.
The $3.3 billion pension fund had committed $202.5 million to 10 previous Lone Star Funds' offerings, including all seven predecessor funds.
Separately, the pension plan named AQR Capital Management, Invesco Real Estate and PanAgora Asset Management as finalists for a global asset allocation search conducted by investment consultant NEPC.
The three managers will present at the March 26 board meeting and one firm will be selected for further due diligence, Ms. Sibley said in an e-mail.
The amount of assets for the GAA portfolio has not been determined yet, but the pension plan has a target allocation of 20%; it currently has $330 million, or 10%, allocated to four managers: Bridgewater, GMO, Putnam Investments and Transtrend.
