San Antonio Fire & Police Pension Fund committed $15 million to Apollo Investment Fund VIII, a private equity buyout fund managed by Apollo Global Management, according to recently released minutes of the May 29 board meeting.
The $2.4 billion pension fund also committed an additional $15 million to the Townsend Group's real estate co-investment program. Townsend is the pension fund's real estate consultant. The total amount committed to the program could not be learned by press time.
San Antonio Fire & Police added $10 million to a fixed-income portfolio managed by GoldenTree Asset Management. GoldenTree managed about $32 million in the portfolio as of Sept. 30, according to the pension fund's most recent annual report. Funding came from cash.
Matthew O'Reilly, chief investment officer, did not return a telephone call for additional information by press time.