San Antonio Fire & Police Pension Fund approved two new alternative fund commitments totaling $50 million.
The $3.4 billion pension fund's board approved commitments of $25 million to Comvest Credit Partners Evergreen Fund, a direct lending fund managed by Comvest Partners, and £20 million ($25 million) to buyout fund Exponent Private Equity Partners V at its April 25 meeting, recently released meeting minutes show.
As of Dec. 31, 2021, the most recent data available, the pension fund's actual allocations to private equity and private debt were 7.5% and 6.9%, respectively.
Cary Hally, chief investment officer, could not be immediately reached for further information.
