Iowa Municipal Fire & Police Retirement System, West Des Moines, made three new commitments totaling $155 million.
The $3 billion pension fund committed $115 million to Siguler Guff Hawkeye Small Buyout Fund V and $30 million to Siguler Guff Hawkeye Small Buyout Co-Invest, both buyout funds managed by Siguler Guff & Co., and $10 million to private credit fund Golub Capital Partners Rollover Fund 2.
The pension fund's board approved the commitments at its Nov. 18 meeting, recently released meeting minutes show. Its target to private markets is 22%.
Investment consultant Marquette Associates assisted.
Dan Cassady, the pension fund's executive director, could not be immediately reached for further information.