Houston Police Officers' Pension System approved four new private equity commitments totaling $175 million at two recent board meetings, recently obtained meeting minutes showed.
The $7.3 billion pension fund's board approved commitments of $50 million to Clearlake Capital Partners VII, a private equity special situations and value fund managed by Clearlake Capital Group, and $25 million to buyout fund DW Healthcare Partners Small Cap at its Sept. 9 meeting.
At its Oct. 12 meeting, the pension fund's board approved commitments of $50 million each to Great Hill Equity Partners VIII, a middle-market buyout fund managed by Great Hill Partners, and buyout fund Thoma Bravo Fund XV.
As of Oct. 31, the pension fund's actual allocation to alternative investments was 29.1%; the target is 36.5%.
Stacey Ables, chief investment officer, and Pat Franey, executive director, could not be immediately reached for further information.