Houston Police Officers’ Pension System committed $50 million to Audax Direct Lending Solutions Fund III.
The $7.9 billion pension fund’s board approved the commitment to the direct lending fund managed by Audax Group at its Aug. 8 meeting, according to recently obtained meeting minutes.
There is no record of any prior commitments by the pension fund to Audax Group.
As of Aug. 31, the pension fund’s actual allocation to alternative investments was 43.4%; the target is 45.8%.
