Searches and Hires

Houston Municipal slates $40 million for 2 funds

Houston Municipal Employees Pension System approved up to $40 million total in alternatives commitments, said spokesman Peter Koops in an email.

The $2.3 billion pension fund committed up to $20 million each to oil and gas fund EnCap Flatrock Midstream Fund IV and information technology buyout fund Carrick Capital Partners III.

The pension fund previously committed $20 million to predecessor fund EnCap Flatrock Midstream Fund III in 2014. It has a 17.5% target allocation to private equity.