Houston Firefighters' Relief and Retirement Fund committed up to $265 million total to five alternatives funds, pending final due diligence and negotiations, said investment committee meeting minutes provided by the $4.2 billion pension fund.
The pension fund committed up to €90 million ($110 million) total to two EQT funds — up to €70 million to EQT VIII, a buyout fund, and up to €20 million to EQT Mid-Market Credit II.
The pension fund also committed $100 million to KKR Global Credit Opportunities Fund, managed by KKR & Co.
Additionally, the pension fund committed up to $30 million to private equity fund Blue Point Capital Partners IV and up to $25 million to secondary private equity fund Portfolio Advisors Secondary Fund III.
Ajit Singh, chief investment officer, could not immediately be reached for additional information.