Houston Firefighters’ Relief and Retirement Fund approved three new commitments totaling up to $184 million.
The $5.3 billion pension fund’s investment committee at its March 15 meeting approved commitments of up to $100 million to global buyout fund Advent International GPE X, up to €50 million ($54 million) to venture capital fund EQT Ventures III (No. 2) and up to $30 million to opportunistic real estate fund Blackstone Real Estate Partners Asia III, recently released meeting minutes show.
Separately, the investment committee changed the commitment amounts to two buyout funds managed by Leonard Green & Partners it had originally approved at its Feb. 15 meeting.
The committee changed the amounts to up to $65 million, from up to $40 million, to Green Equity Investors IX and up to $20 million, from up to $50 million, to Jade Equity Investors II.
As of June 30, the pension fund’s actual allocations to private equity and real estate were 32% and 5%, respectively.
Ajit Singh, chief investment officer, could not be immediately reached for further information.