Pompano Beach (Fla.) Police & Firefighters' Retirement System approved new private equity and real estate commitments totaling $15 million.
The $227 million pension fund's board approved commitments of $5 million each to secondary private equity fund Capital Dynamics Global Secondaries VI; private equity fund of funds Taurus Private Markets Fund II; and TerraCap Partners VI, a value-added real estate fund managed by TerraCap Management, at its Oct. 16 meeting, recently released meeting minutes showed.
All are new managers for the pension fund.
As of Sept. 30, the actual allocations to real estate and private equity were 9.2% and 2.8%, respectively.
Investment consultant Southeastern Advisory Services assisted.