El Paso (Texas) Firemen & Policemen Pension Fund committed $18 million total to two funds, said Tyler C. Grossman, executive director of the $1.25 billion pension fund, in an e-mail.
The pension fund committed $9 million each to Newstone Capital Partners III, mezzanine fund, and Veritas Capital Fund VI, a buyout fund.
The pension fund previously committed $3 million to predecessor fund Newstone Capital Partners II and $3 million and $8 million, respectively, to Veritas Capital Fund IV and Veritas Capital Fund V.
The pension fund has a 10% private equity target.
