Colorado Fire & Police Pension Association, Greenwood Village, committed €20 million ($22.4 million) to Petroleum Equity Rho, said Scott Simon, chief investment officer, in an e-mail.
The natural resources fund focuses on “acquiring and developing low-cost, conventional European onshore oil and gas assets,” Mr. Simon wrote.
It is the $4.1 billion pension fund’s first commitment to a Petroleum Equity fund.
The pension fund has a 23% target to illiquid alternatives, with a long-term goal of getting its target to 25%, covering private equity, private debt, real assets, real estate and opportunistic investments.
The commitment will fall under the pension fund’s real assets portfolio.