Houston Police Officers’ Pension System made several private equity and real estate commitments totaling $140 million, said recently obtained board meeting minutes.
The $3.9 billion pension fund committed $25 million each to four private equity funds: Resolute Fund III, a middle-market buyout fund managed by the Jordan Co.; Thoma Bravo Fund XI, a software- and technology-focused buyout fund; Vista Equity Partners Fund V, also a software-and technology-focused buyout fund; and Warburg Pincus Energy Fund, a global energy fund.
Separately, the pension fund committed $20 million each to two real estate funds: Starwood Distressed Opportunity Fund X, by Starwood Capital Group and CBRE Strategic Partners U.S. Value 7, a value-added fund managed by CBRE Global Investors.
As of June 30, the pension fund’s actual allocation to alternative investments was 44% and its target 48%.
John Lawson, executive director, did not return a telephone call seeking more information by press time.