HMEPS finalises $20 million commitment

The $2.6 billion US public pension reups with the Jordan Company's latest vehicle.

The Houston Municipal Employees’ Pension System (HMEPS) made a $20 million commitment to The Jordan Company’s Resolute Fund IV at the pension fund’s board meeting last Friday.

HMEPS has a 20 percent current allocation to private equity, slightly above its target of 17.5 percent. The $2.6 billion US public pension previously committed to the Jordan Company’s inaugural and third vehicles in the series.

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