San Antonio Fire & Police Pension Fund is searching for a hedge fund manager and a core real estate manager, said recently released board meeting minutes.
Allocation sizes could not be learned. However, the hedge fund search is being conducted to bring the pension fund closer its 10% target allocation.
The pension fund does not issue RFPs.
Separately, the $2.6 billion pension fund committed $15 million to Exponent Private Equity Partners III. The buyout fund focuses on middle-market U.K. companies in the health-care, media, and financial and business services sectors.
A search for an international private equity fund was launched earlier this year. The other finalists were Bridgepoint, Equistone Partners Europe and Silverfleet Capital.
Matthew O’Reilly, chief investment officer, could not be reached for additional information by press time