Houston Firefighters' Relief & Retirement Fund approved three new commitments totaling up to $211 million.
The $5.3 billion pension fund's investment committee approved commitments of up to €125 million ($126 million) to buyout fund EQT X (No. 2) Europe; up to $50 million to Apax XI, a middle-market buyout fund managed by Apax Partners; and up to $35 million to buyout fund AE Industrial Partners Fund III, at its June 27 meeting, recently released meeting minutes show.
Separately, the investment committee authorized CIO Ajit Singh to change the commitment amounts to two buyout funds managed by Leonard Green & Partners it had originally approved at its March 15 meeting.
The committee changed the amounts to up to $80 million (from up to $65 million) to Green Equity Investors IX and up to $20 million (from up to $15 million) to Jade Equity Investors II.
As of June 30, 2021, the pension fund's actual allocation to private equity was 32%.
Mr. Singh could not be immediately reached for further information.
