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Miami Firefighters’ and Police approves $45m in commitments

The US public pension has backed three private equity funds.

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Institution: City of Miami Firefighters’ and Police Officers’ Retirement Trust
Headquarters: Miami, United States
AUM: $1.56bn
Allocation to alternatives: 24.3%

The City of Miami Firefighters’ and Police Officers’ Retirement Trust announced commitments of $15 million each to Coller International Partners VIII, Lexington Capital Partners IX and PEG Global Private Equity VIII.

As illustrated in the charts below, the $1.56 billion US public pension has a 4 percent target allocation to private equity that currently stands at 4.8 percent. Miami Firefighters’ and Police has made three commitments focused on private equity, which combined constitute $45 million.

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