Houston Police Officers' Pension System committed $40 million to Longpoint Realty Fund III.
The $6.8 billion pension fund's board approved the commitment to the value-added real estate fund managed by Longpoint Realty Partners at its Feb. 9, recently obtained meeting minutes showed.
HPOPS previously made a commitment of an undisclosed amount to Longpoint Realty Fund II.
As of Feb. 28, the pension fund's actual allocation to alternatives was 36.3%; the target is 39.3%.
Stacey Ables, chief investment officer, and Pat Franey, executive director, could not be immediately reached for further information.