El Paso (Texas) Firemen & Policemen Pension Fund committed $7.5 million to Charlesbank Equity Fund IX, said Tyler C. Grossman, executive director of the $1.25 billion pension fund, in an email.
The buyout fund is managed by Charlesbank Capital Partners.
The pension fund previously committed $5.5 million to the predecessor fund Charlesbank Equity Fund VIII in 2014. It has a 10% private equity target and current allocation of about 8%.
