Colorado Fire & Police Pension Association, Greenwood Village, disclosed two new alternative fund commitments totaling $45 million.
The $6.2 billion pension fund's investment staff committed $30 million to Banner Ridge DSCO Fund II, a secondary distressed debt fund managed by Banner Ridge Partners, and $15 million to Clean Growth Fund VI, an impact-oriented venture capital and growth equity fund managed by North Sky Capital, said J. Scott Simon, chief investment officer, in an email.
Both are existing managers for the pension fund, which previously committed $20 million to Banner Ridge Secondary Fund IV in 2021, and also previously committed an unknown amount to Clean Growth Fund V.
As of June 30, the actual allocation to private capital was 22.6%.
