Houston Firefighters’ Relief and Retirement Fund committed up to $20 million to Northlane Capital Partners III.
The $5.3 billion pension fund’s investment committee approved the commitment to the buyout fund at its July 16 meeting, recently released meeting minutes showed.
The pension fund previously made a commitment to Northlane Capital Partners II.
As of June 30, 2023, the most recent data available, the pension fund’s actual allocation to private equity was 34%.
