Louisiana Firefighters’ Retirement System, Baton Rouge, committed $15 million to CCMP Capital Investors III, a buyout fund managed by CCMP Capital Advisors, said recently released board meeting minutes.
The $1.4 billion pension fund conducted an invitation-only search earlier this year following board approval to commit to a secondary private equity manager and buyout manager in 2014. The pension fund committed $25 million to Landmark Equity Partners XV, a secondary private equity fund managed by Landmark Partners, in April.
Private Advisors was the other finalist in the buyout search..
Investment consultant NEPC assisted.
Steven Stockstill, executive director, did not reply to requests for further information by press time.