Houston Firefighters' Relief & Retirement Fund approved three new commitments totaling up to $195 million.
The $5 billion pension fund's investment committee at its Dec. 13 meeting approved commitments of up to $120 million to Cerberus Levered Loan Opportunities Fund V, a private credit fund managed by Cerberus Capital Management, and up to $50 million and $25 million, respectively, to Bertram Capital V and Bertram Ignite I, both buyout funds managed by Bertram Capital Management, recently released meeting minutes show.
As of June 30, the pension fund had actual allocations of 4% each to alternatives and private debt.
Ajit Singh, chief investment officer, could not be immediately reached for further information.
