Oklahoma Police Pension & Retirement System, Oklahoma City, committed $25 million to Greenspring Global Partners X.
The commitment to the private equity fund of funds was approved at a board meeting Wednesday, said Ginger Sigler, executive director of the $2.7 billion pension fund, in an email. It will be the pension fund's first investment with Greenspring, she said.
As of Oct. 31, the pension fund had 9.1% allocated to private equity. Its target allocation to the asset class is 15%.
Asset Consulting Group assisted.