Houston Police Officers' Pension System approved three alternative fund commitments totaling $125 million at two recent board meetings, recently obtained meeting minutes showed.
The $6.8 billion pension fund's board at its Oct. 13 meeting approved commitments of $40 million to private credit fund Silver Point Capital Fund and $35 million to DRA Growth and Income Master Fund XI, a value-added real estate fund managed by DRA Advisors.
At its Nov. 10 meeting, the board approved a commitment of $50 million to Greenbriar Equity Fund VI, a buyout fund managed by Greenbriar Equity Group.
As of Dec. 31, HPOPS' actual allocation to alternative investments was 36%.
Stacey Ables, chief investment officer, and Pat Franey, executive director, could not be immediately reached for further information.