Houston Police Allocates $50M to NB Private Debt Fund V

The Houston Police Officers’ Pension System (HPOPS) is placing another investment in the direct lending fund series of existing manager Neuberger Berman.

In materials from the HPOPS investment committee obtained by Dakota, NB Private Debt Fund V is set to receive a $50M commitment from the pension, marking another investment in a Neuberger Berman fund this year after it earlier committed $35M to the manager’s Real Estate Secondary Opportunities II, per Dakota data. The commitment also represents an increased investment from the pension’s $40M allocation to predecessor Private Debt Fund IV in 2022.

As of October 31, alternative investments currently account for 42.6% of the Texas-based pension’s entire portfolio, against its policy benchmark of 45.8%. To date, HPOPS manages approximately $7.8B in total AUM.

Written By: Dakota

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Houston Police Allocates $50M to NB Private Debt Fund V

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