El Paso (Texas) Firemen & Policemen Pension Fund committed $4 million to Trilantic Capital Partners V, confirmed Robert Stanton, executive director.
It is a private equity fund focusing on midmarket high-growth companies in the consumer, financial services, business services and energy sectors. It is the $1.2 billion pension fund's first commitment to Trilantic.
Alternatives consultant Meketa Investment Group assisted.
Separately, the pension fund is expected to wrap up an asset-liability study, conducted by investment consultant Summit Strategies Group, in December.
As of Sept. 30, the actual asset allocation was 28.6% fixed income, 26% international developed markets equity, 23% domestic large-cap equity, 9.8% domestic small-cap equity, 6.2% emerging markets equity, 2.9% real estate, 2.1% private equity and 1.4% cash.
The target asset allocation is 30% fixed income, 24% international developed markets equity, 21% domestic large-cap equity, 9% domestic small-cap equity, 6% emerging markets equity and 5% each real estate and private equity.