Houston Firefighters’ Relief & Retirement Fund approved $55 million total in alternatives commitments, pending due diligence and contract negotiations, said Linda P. Calnan, interim chief investment officer, in an e-mail.
The $3.8 billion pension fund committed $30 million to Blackstone Capital Partners VII, a private equity fund managed by Blackstone Group.
Additionally, the pension fund committed $25 million to Lone Star Real Estate Fund IV, a distressed commercial real estate debt and equity fund managed by Lone Star Funds.
