El Paso (Texas) Firemen & Policemen's Pension Fund committed $3 million to KPS Special Situations Fund IV, a private equity fund managed by KPS Capital Partners, confirmed Robert Stanton, executive director.
The $1.1 billion pension fund previously committed $3 million to the predecessor KPS fund, Mr. Stanton said in a telephone interview.
Meketa Investment Group assisted. The pension fund has a 5% allocation to private equity.
