Houston Firefighters’ Relief & Retirement Fund committed $30 million to Insignia Capital Partners, pending final contract discussions and negotiations, said Linda P. Calnan, interim chief investment officer, in an e-mail.
The private equity fund is managed by Insignia Capital Group. It is the pension fund’s first commitment to the manager.
The $3.8 billion pension fund’s private equity target allocation ranges from 11% to 18%.
