Hollywood Police Commits $8M to Taurus Fund III

The Hollywood Police Officers Retirement System approved an $8M allocation to the third iteration of Taurus Private Markets’ flagship middle-market buyout series, per its recently published December 20, 2024, board meeting minutes.

The board unanimously voted in favor of the allocation following a presentation from Taurus on the performance of its active strategies. Fund III will represent the pension’s follow-on investment in the buyout series, as it previously made a commitment of the same size to the predecessor Fund II in 2022. Taurus reported that Fund II has since generated +12.9% in returns as of the third quarter of last year, and will target 17-20% in net returns for Fund III.

As of the latest Dakota data, the Hollywood Police pension oversees $457M in total plan assets.