Houston Firefighters' Relief & Retirement Fund committed $20 million each to Lone Star VIII, a private equity distressed debt fund, and Horsley Bridge X Venture, a venture capital fund of funds.
Separately, the pension fund hired EFL Associates as executive search firm, pending negotiations, confirmed Christopher Gonzales, chief investment officer and executive director.
The $3.5 billion pension fund is splitting Mr. Gonzales' roles; he will retain the CIO title. “It's time to refocus on investments for me,” he said in a telephone interview. Mr. Gonzales has served as CIO for the last 12 years and executive director for the past five years.
The new executive director could have a dual role as director of member services as well after the current director recently retired, Mr. Gonzales said.
