Two Orlando, Fla., pension funds committed a total of $23 million to Brookfield Capital Partners IV, said Michele Keane, the city's pension coordinator.
The $481 million Orlando Police Pension Fund committed $13 million and the $325 million Orlando Firefighters' Pension Fund committed $10 million to the buyout fund, at a Sept. 17 joint board meeting.
It is the first time either pension fund has made a commitment to a fund managed by Brookfield Asset Management, Ms. Keane said.
Investment consultant NEPC assisted.
