Houston Police Officers' Pension System approved a commitment of up to $25 million to Hammes Partners IV.
The $7.3 billion pension fund's board approved the commitment to the non-core health care real estate fund at its Nov. 10 meeting, recently obtained meeting minutes show.
As of Dec. 31, the system's actual allocation to alternatives investments was 29.2%; the target is 36.5%.
Stacey Ables, chief investment officer, and Pat Franey, executive director, could not be immediately reached for further information.
