San Antonio Fire & Police Pension Fund approved four new private equity commitments totaling $80 million.
The $3.7 billion pension fund's board approved commitments of $20 million each to buyout fund Arlington Capital Partners VI; buyout fund Cortec Group Fund VIII; K6 Private Investors, a lower middle-market software company-focused buyout fund managed by K1 Investment Management; and software and technology-focused growth equity fund PSG VI at its Oct. 31 meeting, recently released meeting minutes show.
The minutes do not disclose whether the pension fund has previously made commitments to any of the managers. According to the minutes, a search was conducted and Clearlake Capital Group and Trive Capital Management were the other finalists.
Investment consultant NEPC assisted.
Cary Hally, chief investment officer, could not be immediately reached for further information.
