Houston Municipal Employees Pension System committed $45 million total to two alternatives funds, spokesman Peter Koops said in an e-mail.
The $2.5 billion pension fund committed $25 million to Clearlake Capital Partners IV, a private debt fund. It is the pension fund's first investment with Clearlake Capital.
Additionally, the pension fund committed $20 million to Crow Holdings Realty Partners VII, a U.S. value-added, non-core real estate fund managed by Crow Holdings Capital Partners.
The pension fund previously committed to other Crow Holdings funds.
The pension fund has a 17.5% target allocation to private equity; the real estate target could not immediately be learned.