Lubbock (Texas) Fire Pension Fund committed $6 million to Siguler Guff Small Buyout Opportunities Fund IV.
The $205 million pension fund's board approved the commitment to the buyout fund of funds managed by Siguler Guff & Co. at its Nov. 13 meeting, said Krista Bailey, plan administrator.
As of Oct. 31, the actual allocation to private equity was 6.5%; the target is 8%.
Investment consultant Ellwood Associates assisted.
