Colorado Fire & Police Pension Association, Greenwood Village, allocated $320 million total to three managers, said Scott Simon, chief investment officer, in an e-mail.
The $4.2 billion pension fund hired Allianz Global Investors to manage $150 million in an active multifactor, long-only global equity strategy. The pension fund also allocated $150 million to current passive manager State Street Global Advisors for a new passive multifactor long-only global equity strategy. Funding for both will come from a reduction to SSgA’s passive cap-weighted equity allocation.
In private equity, the pension fund’s investment committee committed $20 million to Centre Lane Partners IV, a special situations fund focused on lower-middle market companies in North America. The commitment did not require board approval.
The pension fund previously committed $10 million to Centre Lane Partners III in 2013.
The pension fund has a 37% target allocation to global equity and 20% target allocation to illiquid alternatives, which includes private equity.