Houston Firefighters' Relief & Retirement Fund committed an additional up to $20 million to Stellex Capital Partners, pending final due diligence and contract negotiations, said investment committee meeting minutes provided by the $3.8 billion pension fund.
The pension fund previously committed $30 million to the middle-market distressed and special opportunities fund managed by Stellex Capital Management in 2015.
The pension fund's private equity target allocation ranges from 11% to 18%.
