Houston Firefighters' Relief & Retirement Fund approved two new commitments totaling up to $220 million.
The $4.9 billion pension fund's investment committee at its Nov. 15 meeting approved commitments of up to $120 million to Blackstone Private Credit Fund, an evergreen private credit fund; and up to $100 million to EQT Infrastructure VI, an infrastructure fund managed by EQT Partners, recently released meeting minutes show.
The pension fund has made multiple commitments to both managers, most recently committing up to $75 million to Blackstone Green Private Credit Fund III and up to $50 million to EQT Exeter Industrial Value Fund VI earlier this year.
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.