San Antonio Fire & Police Pension Fund committed $60 million total to five funds, recently released board meeting minutes said.
The $2.6 billion pension fund committed $15 million each to private debt funds Babson Capital Global Private Credit Gateway Mezzanine Partners Fund II and Shoreline China Value III, managed by Shoreline Capital Management.
A search for private debt managers was launched early last year. The other finalist was Orchard Global Asset Management.
The pension fund also committed $10 million each to three real estate funds: DSF Capital Partners V, managed by DSF Advisors Covenant Apartment Fund VIII, managed by Covenant Capital Group; and Rockpoint Real Estate Fund V, managed by Rockpoint Group.
Matthew O'Reilly, chief investment officer, could not be reached for additional information by press time.