El Paso (Texas) Firemen & Policemen's Pension Fund committed $13 million to Ridgemont Equity Partners IV.
The $1.9 billion pension fund's board approved the commitment to the buyout fund at its meeting Wednesday, Tyler C. Grossman, executive director, said in an email.
The pension fund previously committed $8 million to Ridgemont Equity Partners III in 2018 and $9 million to Ridgemont Equity Partners II in 2015.
As of Sept. 30, the pension fund's actual allocation to private equity was 13.8%; the target is 15%.
