Houston Firefighters' Relief and Retirement Fund committed up to $20 million to private equity fund Blue Point Capital Partners III, pending successful contract negotiations, wrote Christopher Gonzales, chief investment officer, in an e-mail.
Mr. Gonzales wrote he does not have an expected close date.
The $3.8 billion pension fund's allocation to private equity was 10% as of June 30. The target allocation is 12%, according to its most recent annual report.