El Paso (Texas) Firemen & Policemen Pension Fund committed $8.5 million to GSO Capital Solutions Fund III, said Tyler C. Grossman, executive director of the $1.25 billion pension fund, in an email.
The distressed debt fund is managed by GSO Capital Partners.
The pension fund previously committed $2 million to predecessor fund GSO Capital Solutions Fund I in 2009.
The commitment will fall under the pension fund's private equity portfolio, which has a 10% target.
