El Paso Fire & Police approves $8m commitment

The US public pension has backed a domestic fund.

El Paso Firemen & Policemen’s Pension Fund has made an $8m commitment to Ridgemont Equity Partners III. The buyout fund invests in US-based companies with a diversified sector focus.

The $1.5 billion US public pension has a 10 percent target allocation to private equity that currently stands at 6.8 percent.

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