Colorado Fire & Police Pension Association, Denver, committed $15 million to StepStone VC Global Partners XI.
The $6.5 billion pension fund's investment staff approved the commitment to the venture capital fund of funds managed by StepStone Group during October, according to an investment activity report included with upcoming Nov. 2 meeting materials.
It is an existing manager relationship for the pension fund. The pension fund previously committed $20 million to Greenspring Opportunities VI in 2020. StepStone Group acquired Greenspring Associates in 2021.
As of Sept. 30, the pension fund's actual allocation to private capital was 23.6%.
