Houston Police Officers' Pension System approved three new alternative fund commitments totaling $150 million.
The $7 billion pension fund's investment committee approved commitments of $50 million each to middle-market buyout fund Genstar Capital Partners XI; LLR Equity Partners VII, a buyout fund managed by LLR Partners; and TA XV, a middle-market buyout fund managed by TA Associates, according to recently obtained meeting minutes.
As of April 30, the pension fund's actual allocation to alternative investments was 36.8%; the target is 39.3%.
Stacey Ables, chief investment officer, and Pat Franey, executive director, could not be immediately reached for further information.
