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Oklahoma Police collars 4 managers for alternatives commitments

Oklahoma Police Pension & Retirement System, Oklahoma City, committed $50 million total to four managers, said Steven Snyder, executive director and chief investment officer.

The $2.2 billion pension fund committed $20 million to Newstone Capital III, a mezzanine fund managed by Newstone Capital Partners. It also committed $10 million each to EnCap Energy Capital Fund XI, a private equity oil and gas fund managed by Encap Investments; Weathergage Venture Capital IV, a venture capital fund of funds managed by Weathergage Capital; and Apollo European Principal Finance Fund III, a distressed debt fund managed by Apollo Global Management.

The pension fund has previously invested with all four managers.

Its current private equity allocation is 8.2% and its target is 10%.

Looking ahead to 2017, the pension fund is exploring potential commitments to Apollo Investment Fund IX, a buyout fund, and Actis Emerging Markets 5, an international private equity fund.

The pension fund has also previously invested with Actis.