Colorado Fire & Police Pension Association, Greenwood Village, could commit an additional $150 million to $250 million to illiquid alternatives managers in 2016, said Scott Simon, chief investment officer.
Year-to-date, the pension fund has already committed about $50 million total to three managers — Mayfair Equity Partners, RiverRock European Capital Partners and Nautic Partners. Mayfair and RiverRock were new relationships. The pension fund had previously invested with Nautic Partners.
The total amount targeted for 2016 is between $200 million and $300 million, similar to last year.
No RFPs will be issued. New and existing managers will be considered.
The $4.1 billion pension fund has a 23% illiquid alternatives target and a long-term goal of getting its target to 25%, which consists of private equity, private debt, real assets, real estate and opportunistic investments.