Dallas Police & Fire Pension System expanded investment consultant NEPC's role to include private markets consulting, recently released board meeting minutes said.
NEPC will work with the $3.4 billion pension fund on its annual investment plan, a private markets pacing study and commitment plan, and assist in manager selection and due diligence, the pension fund's website said.
Information on the pension fund's previous private markets consultant arrangement could not be learned by press time. The pension fund classifies private market investments as private equity, private debt and infrastructure.
As of Oct. 31, the pension fund had an asset allocation of 20.1% global private equity, 17.3% global public equity, 16.8% real estate, 15.3% global fixed income, 12.3% natural resources, 11.7% global asset allocation, 5.6% global infrastructure and 0.9% cash.
Donald C. Rohan, interim administrator at the pension fund, and Rhett Humphreys, partner at NEPC, could not be reached for additional information by press time.