Austin (Texas) Police Retirement System committed up to $5 million to SAIL Pre-Exit Acceleration Fund, a venture capital fund managed by SAIL Capital Partners, confirmed Sampson Jordan, CEO of the $527 million pension fund.
The commitment is subject to due diligence, Mr. Sampson said in an e-mail.
Separately, the pension plan selected gregory.w.group, Bogdahn Group, Gray & Co., Marquette Associates, Dahab Associates and NEPC for finalist interviews for its investment consultant search. Incumbent Consulting Services Group is “still the current consultant until determined otherwise at this date,” Mr. Sampson said.
An RFP was issued in November. A hiring date has not been decided yet.