FUNDRAISING NEWS | January 03, 2025
The Municipal Fire and Police Retirement System of Iowa approved $188M in commitments for 2025 to four private equity vehicles during its board meeting on November 14, 2024.
Per a recently published executive summary of the board meeting, the state pension moved to allocate $28M to Siguler Guff Hawkeye Co-Invest and $95M to Siguler Guff Small Buyout Fund VI, both of which are lower middle-market buyouts; a total of $45M to fund of funds Adams Street Cyclone, consisting of a $25M investment in middle-market buyout and $20M in European buyout; and $20M to Top Tier Venture Velocity Fund 5.
The commitments are follow-on investments and make up the pension’s 2025 allocation to private equity. To date, the Iowa pension manages $3.1B in fund assets.
