El Paso (Texas) Firemen and Policemen Pension Fund committed $8 million to Veritas Capital Fund V, a buyout fund managed by Veritas Capital Fund Management, said Mark Austin, deputy director, in an e-mail.
The $1.2 billion pension fund previously committed $3 million to the predecessor fund, Veritas Capital Fund IV, in April 2010. The pension fund has a 10% target allocation to private equity.
Investment consultant Meketa Investment Group assisted.
