Houston Municipal Employees Pension System committed about $51 million total to two alternatives funds, confirmed Erin Perales, general counsel.
The $2.2 billion pension fund committed €20 million ($26 million) to Orion European Real Estate Fund IV, managed by Orion Capital Managers, and $25 million to GTCR Fund XI, a private equity fund that invests in core sectors such as financial services, growth business services, health-care and information services, and technology.
The pension fund had a 14.1% allocation to private equity and 8.4% to real estate, as of March 31.
