El Paso (Texas) Firemen & Policemen's Pension Fund committed $15 million to Paine Schwartz Food Chain Fund VI.
The $2 billion pension fund's board approved the commitment to the agriculture private equity fund managed by Paine Schwartz Partners at its June 22 meeting, said Tyler Grossman, executive director, in an email.
The pension fund previously committed $7 million to Paine Schwartz Food Chain Fund V in 2019.
As of Dec. 31, the pension fund's actual allocation to private equity was 14.2%.
