Houston Firefighters approves $71m commitment

The US public pension has backed a pair of private equity funds.

Institution: Houston Firefighters’ Relief and Retirement Fund
Headquarters: Houston, United States
AUM: $4.13 billion
Allocation to alternatives: 26%

Houston Firefighters’ Relief and Retirement Fund has confirmed $71 million-worth of private equity commitments to two vehicles, according to minutes from the pension’s July 2020 board meeting.

The commitments comprise of €35 million to EQT IX Euro Sleeve and $30 million to Stellex Capital Partners II.

The $4.13 billion US public pension has a 20 percent target allocation to private equity that currently stands at 17 percent.

As illustrated below, the pension’s recent private equity commitments have been to buyout funds focusing on North America and Europe.

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