Colorado Fire & Police Pension Association, Denver, disclosed two new commitments totaling $37 million, said J. Scott Simon, chief investment officer, in an email.
The $6.6 billion pension fund committed $20 million to OSP Value Fund IV, a distressed debt fund managed by O'Brien-Staley Partners, and €15 million ($17 million) to BID Equity Fund III, a lower-middle-market buyout fund that invests in Austrian, German and Swiss software companies.
FPPA has previously made commitments to all three prior OSP funds. BID Equity is a new manager for the pension fund.
As of June 30, the pension fund's actual allocations to private markets and fixed income – credit were 31.5% and 10.1%, respectively; their respective targets are 31% and 10%.
