The $3.4 billion San Jose Police & Fire Department Retirement Plan and the $2 billion San Jose Federated City Employees' Retirement System disclosed commitments totaling $24 million, confirmed Ron Kumar, investment operations supervisor.
The police and fire plan committed $10 million to Top Tier Venture Capital IX, a venture capital fund of funds managed by Top Tier Capital Partners.
The police and fire plan and the city employees system committed $9 million and $5 million, respectively, to Lime Rock New Energy I, a growth equity fund investing in energy companies with a positive environmental impact, managed by Lime Rock Management.
As of March 31, the federated city employees' plan and police & fire plan had actual allocations to private markets of 21.8% and 19.5%, respectively.