Lubbock Fire Pension Fund increases PE allocation

The Texas-based public pension has boosted its exposure to private equity.

Institution: Lubbock Fire Pension Fund
Headquarters: Lubbock, United States
AUM: $193.22m
Allocation to alternatives: 18.17%
Bitesize: $1-5m

Lubbock Fire Pension Fund has increased its allocation to private equity from 5.6 percent to 5.8 percent as of March 2019, a contact at the pension informed Private Equity International.

The $193.22m US public pension has subsequently inched closer towards its target private equity allocation of 6.50 percent.

As illustrated in the charts below, Lubbock Fire’s previous commitment to a private equity fund was to 2018 vintage Greenspring Global Partners IX.

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