El Paso (Texas) Firemen & Policemen Pension Fund made two new commitments totaling $14 million, recently released board meeting minutes show.
The $1.5 billion pension fund committed $7 million each to Global Infrastructure Partners IV and Paine Schwartz Food Chain Fund V, an agriculture private equity fund that seeks investments in U.S. food production companies, managed by Paine Schwartz Partners.
The pension fund previously committed $8 million to Global Infrastructure Partners III in 2015. Whether the pension fund has previously made commitments to Paine Schwartz could not be immediately learned.
As of Dec. 31, the actual allocations to private equity and real estate/real assets were 9.5% and 8.5% respectively.
Tyler Grossman, executive director, could not be immediately reached to provide further information.