San Antonio Fire & Police Pension Fund committed $20 million to Landmark Equity Partners XVI, a secondary private equity fund managed by Landmark Partners, said recently released board meeting minutes.
The $2.8 billion pension fund has previously invested with Landmark Partners.
Separately, the pension fund approved a new zero to 15% allocation to opportunistic investments. It also increased its small-cap equity and emerging markets equity target ranges to zero to 20% each from zero to 15% previously.
Matthew O'Reilly, chief investment officer, could not immediately be reached for additional information.