Chattanooga (Tenn.) Fire & Police Pension Fund committed $5 million to Glouston Private Equity Opportunities VII.
The $296 million pension fund's board approved the commitment to the buyout fund managed by Glouston Capital Partners at its Feb. 17 meeting, recently released meeting minutes show.
The pension fund's target allocation to private equity is 5%.
Katrina Abbott, pension fund administrator, could not be immediately reached for further information.
Investment consultant Dahab Associates assisted.