Oklahoma Police approves $25m in commitments

The US public pension has backed two VC funds.

Institution: Oklahoma Police Pension and Retirement System
Headquarters: Oklahoma City, United States
AUM: $2.58bn
Allocation to alternatives: 24.40%
Bitesize: $10-50m

Oklahoma Police Pension and Retirement System has agreed to commit $12.5 million each to FirstMark Capital OF III and FirstMark Capital Fund V, a contact at the pension informed Private Equity International.

The $2.58 billion US public pension has a 10.0 percent target allocation to private equity that currently stands at 8.70 percent.

As illustrated below, Oklahoma Police Pension has made five commitments to 2019-vintage private equity vehicles, which combined constitute $65 million.

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