Houston Police Officers' Pension System committed $40 million to GEMS Fund 6.
The $7.3 billion pension fund's board approved the commitment to the direct lending fund managed by Golub Capital at its Nov. 9 meeting, recently obtained meeting minutes showed.
The pension fund has made multiple commitments to prior Golub Capital funds, most recently making a commitment to Golub Capital Partners 12 in 2019.
As of Dec. 31, the pension fund's actual allocation to alternative investments was 44.4%; the target is 45.8%.