Oklahoma Police Pension & Retirement System, Oklahoma City, plans to make roughly $55 million total in new private equity commitments next calendar year, said Steven Snyder, executive director and chief investment officer.
Of that $55 million, about $50 million would be dedicated to corporate finance and the remaining $5 million, venture capital.
New and existing managers will be considered. Interested firms can contact the pension fund's investment consultant, Asset Consulting Group, Mr. Snyder said.
The pension fund has a 10% private equity target.
As part of its calendar 2015 private equity pacing plan, the pension fund at its board meeting earlier this week committed $10 million to Warburg Pincus Private Equity XII, a growth fund that targets investments in energy, health care and financial services, among other sectors. The $2.3 billion pension fund is targeting $50 million total in new private equity commitments this year.
The pension fund committed $15 million to Warburg Pincus Private Equity X in 2007 and $7.5 million to Warburg Pincus XI in 2012.