El Paso (Texas) Firemen & Policemen's Retirement System committed $13 million to FS Equity Partners IX.
The $1.8 billion pension fund's board approved the commitment to the buyout fund at its Oct. 18 meeting, recently released meeting minutes show.
The pension fund previously committed $7 million to FS Equity Partners VIII in 2019.
As of Sept. 30, the pension fund's actual allocation to private equity was 19.7%; the target is 15%.
Alternatives investment consultant Meketa Investment Group assisted.