Searches and Hires

Houston Municipal earmarks $25 million for Carlyle buyout fund

Houston Municipal Employees Pension System committed up to $20 million to Carlyle Partners VII, a U.S. buyout fund managed by Carlyle Group, said spokesman Peter Koops in an email.

The $2.3 billion pension fund committed $25 million to predecessor fund Carlyle Partners VI in 2013.

The pension fund has a 17.5% target to private equity.