Houston Police Officers' Pension System approved three new alternative fund commitments totaling $138 million at two recent board meetings, recently obtained meeting minutes showed.
The $7.1 billion pension fund's board at its May 11 meeting approved a commitment of $38 million to Silver Point Specialty Credit Fund III, a private credit fund managed by Silver Point Capital.
At its June 8 meeting, the board approved commitments of $50 million each to LS Power Equity Partners V, a core infrastructure fund managed by LS Power Equity Advisors, and The Resolute Fund VI, a middle-market buyout fund managed by The Jordan Co.
As of June 30, the pension fund's actual allocation to alternative investments was 43.4%; the target is 45.8%.
Stacey Ables, chief investment officer, and Pat Franey, executive director, could not be immediately reached for further information.