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HMEPS approves $20m commitment

The US public pension has backed a North America-focused fund.

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Houston Municipal Employees’ Pension System (HMEPS) has approved a $20 million commitment to Clearlake Capital Partners V.

The $3 billion US public pension has a 17.5 percent target allocation to private equity that currently stands at 20.3 percent.

Platinum subscribers may click here for the pension’s full profile, including key contacts, allocation strategy and fund investments.