El Paso City approves additional $15m commitment

The US public pension has backed a secondaries-focused fund.

El Paso City Employees’ Pension Fund authorised an additional $15 million commitment to Portfolio Advisors Secondary Fund III and and allowed draw downs to be taken as they are required.

The $695 million US public pension has a 7 percent target allocation to private equity that currently stands at 5.1 percent.

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