July 25, 2022
Koncheng Moua, Research Data Analyst
The El Paso Firemen & Policemen’s Pension Fund recently committed $30 million in total to two private equity funds, recently released minutes from their May and June board meeting disclosed.
At the May 18 meeting, $15 million was allocated to middle market buyout fund, Bernhard Capital Partners III.
Also at the May meeting, alternative markets consultant for the Fund, Meketa, reviewed a 2022 private equity pacing study. Meketa recommended $75 million in total commitments to private equity in 2022 consisting of five $15 million investments.
At the June 22 meeting, $15 million was committed to Paine Schwartz Partners Food Chain Fund VI, which will invest in businesses providing products and services to the food and agriculture sector.
In addition, the $1.8 billion Pension Fund approved the termination of real assets manager, Harvest Fund Advisors MLP, at the June meeting.
As of December 31, 2021, the Pension Fund’s actual and target allocation to private equity is 14.2% and 15% respectively.
For more public pension insights and a comprehensive library of public plan minutes, we would love to offer you a free trial of Dakota Marketplace!
Tags: Pension Funds
The City of Baltimore Employees’ Retirement System (ERS) has made a $30 million commitment to a private credit fund, according to meeting minutes from the August 18 board meeting. $30 million was...
The Colorado Fire & Police Association has committed $30 million to two private equity funds. $15 million was committed to Mayfair Equity Partners III, a U.K. focused growth equity fund. In...
Kern County Employees’ Retirement Association has made a $30 million commitment to a private equity fund, Accel-KKR Capital Partners VII. The $5 billion pension fund’s private equity consultant,...
925 West Lancaster Ave
Bryn Mawr, PA 19010
Tel: (610) 642-1481