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HFRRF agrees to $70m commitment

The US public pension has approved a commitment to a multi-regional buyout fund.

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Institution: Houston Firefighters’ Relief and Retirement Fund
Headquarters: Houston, United States
AUM: $4.16bn
Allocation to alternatives: 22.00%

Houston Firefighters’ Relief and Retirement Fund has agreed to commit $70 million to EQT Infrastructure Fund IV pending final due diligence and negotiations, a contact at the pension informed Private Equity International. This is the third EQT fund Houston Firefighters’ has committed to, though the first in this series of funds.

The $4.16 billion US public pension has a 20.0 percent allocation to private equity which currently stands at 13.0 percent.

As illustrated in the charts below, HFRRF has committed to seven private equity funds across 2017 and 2018, totalling $332.1 million. The seven commitments have been directed towards four buyout funds, two funds with a mezzanine focus and one fund targeting early-stage investments within either venture capital or growth equity.

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