Iowa Municipal Fire & Police Retirement System, West Des Moines, committed $30 million to Top Tier Venture Velocity Fund 4.
The $3 billion pension fund's board approved the commitment to the venture capital fund managed by Top Tier Capital Partners at its June 24 meeting, recently released meeting minutes show.
The pension fund's target to private markets is 22%.
Investment consultant Marquette Associates assisted.
Dan Cassady, executive director, could not be immediately reached for further information.
