Houston Firefighters' Relief and Retirement Fund approved two new commitments totaling $55 million.
The $5.2 billion pension fund's investment committee approved commitments of $30 million to Rialto Real Estate Fund V - Debt, an opportunistic real estate fund managed by Rialto Capital Management, and $25 million to Dover Street XI, a secondary private equity fund managed by HarbourVest Partners, at its Sept. 19 meeting, recently released meeting minutes show.
As of June 30, 2022, the most recent data available, the actual allocations to private equity and real estate were 37% and 7%, respectively.
