San Antonio Fire & Police Pension Fund committed $25 million to Apollo Investment Fund X.
The $3.5 billion pension fund's board approved the commitment to Apollo Global Management's flagship buyout fund at its Aug. 30 meeting, said Cary Hally, chief investment officer, in an email.
The pension fund previously committed $20 million to Apollo Investment Fund IX in 2017.
As of Dec. 31, the pension fund's actual allocation to private equity was 7.5%.
