Colorado Fire & Police Pension Association, Greenwood Village, approved several private equity commitments totaling about $50 million at its July 31 board meeting, wrote Scott Simon, chief investment officer, in an e-mail.
The $4.2 billion pension fund committed $20 million to Veritas Capital Fund V, a private equity fund managed by Veritas Capital Fund Management that focuses on the regulatory environment and government consumer industries, wrote Mr. Simon.
Separately, the pension fund committed $15 million to MVM Fund IV, a private equity fund managed by MVM Life Science Partners focusing on special situation and distressed health-care opportunities, wrote Mr. Simon.
The pension fund previously committed to predecessor MVM and Veritas funds.
Also, the pension fund committed €11 million ($14.8 million) to Constellation Fund IV, a private equity fund managed by Constellation Capital Management that focuses on “majority control investments in German-speaking Europe,” wrote Mr. Simon. This is the pension fund’s first commitment to Constellation Capital. The commitments are part of the pension fund’s 18% illiquid alternatives allocation.