Austin (Texas) Firefighters Retirement Fund committed $25 million to Ironsides Partnership Fund VII.
The $1.1 billion pension fund's board approved the commitment to the buyout fund of funds managed by Constitution Capital Partners at its Nov. 17 meeting, recently released meeting minutes showed.
The pension fund previously committed $15 million to Ironsides Partnership Fund III in 2014.
As of Sept. 30, the pension fund's actual allocation to private equity was 19.3%; the target is 15%.
Investment consultant Meketa Investment Group assisted.
