San Antonio Fire & Police Pension Fund committed $25 million to Levine Leichtman Capital Partners VII.
The $3.4 billion pension fund's board approved the commitment to the buyout fund at its Jan. 31 meeting, recently released meeting minutes show.
The pension fund previously committed $15 million to Levine Leichtman Capital Partners V in 2013.
As of Dec. 31, 2021, the pension fund's actual allocation to private equity was 7.5%, the most recent data available.
Cary Hally, chief investment officer, could not be immediately reached for further information.