Houston Municipal Employees Pension System is redeeming its investment in Claren Road Credit Partners, spokesman Peter Koops said in an e-mail.
The $2.5 billion pension fund invested $5 million in the long/short credit fund managed by Claren Road Asset Management in 2012.
Mr. Koops did not provide the current size of the investment or a reason for the redemption, which was approved at the July 23 board meeting.
Carlyle Group acquired a majority stake in Claren Road in 2010.
A Carlyle spokesman could not immediately be reached for comment.
