San Antonio Fire & Police Pension Fund committed $30 million to WTI Fund XI.
The $3.7 billion pension fund's board approved the commitment to the direct lending fund managed by Western Technology Investment at its July 25 meeting, recently released meeting minutes show.
The pension fund has made commitments to every WTI fund since the first launched in 1994, and its most recent commitment to the manager was $25 million to WTI Fund X in 2021.
As of Dec. 31, 2021, the pension fund's actual allocation to private debt was 6.9%, the most recent data available.
Cary Hally, chief investment officer, could not be immediately reached for further information.