San Antonio Fire & Police Pension Fund committed $20 million to StepStone VC Global Partners XI.
The $4 billion pension fund's board approved the commitment to the venture capital fund of funds managed by Greenspring Associates at its May 31 meeting, recently released meeting minutes show.
StepStone Group acquired Greenspring Associates in September.
The pension fund previously committed $20 million to Greenspring Global Partners X in 2020.
Cary Hally, chief investment officer, could not be immediately reached for further information.