Colorado Fire & Police Pension Association, Denver, disclosed a total of $15 million in commitments to venture capital funds managed by Questa Capital Management, said J. Scott Simon, chief investment officer, in an email.
The $6.2 billion pension fund's investment staff at the board meeting Thursday disclosed commitments of $10 million to Questa Capital Partners III, a fund that makes venture growth equity investments in health-care services and information technology and medical devices, and $5 million to Questa Capital Opportunities II, which will make follow-on investments with portfolio companies in its core funds, Mr. Simon said.
Questa Capital is an existing manager for the pension fund, which committed $20 million to Questa Capital Partners II in 2020 and $25 million to Questa Capital Partners I in 2018.
As of June 30, the pension fund's actual allocation to private capital was 22.6%.
