FUNDRAISING NEWS | May 08, 2024
The San Antonio Fire and Police Pension System (SAFPPF) has approved three investments to private equity, private credit, and real estate, totaling $70 million.
In private equity, $20 million was allocated to HarbourVest Co-Investment Fund VII. The fund will build a diversified portfolio of direct co-investments within private market investments. SAFPPF and Harbourvest have an ongoing relationship.
A re-up commitment was approved, allocating $25 million to 400 Capital Asset Based Term Fund IV, a private credit special situations fund focused on delivering current income and long-term capital appreciation.
Lastly, in real estate, the board approved a $25 million investment to the Kayne Anderson Real Estate Fund VII. The Fund focuses on acquiring existing properties and developing new assets. SAFPPF is currently investing in other Kayne Anderson Real Estate Funds.
As of January 31, 2024, the Pension Fund has a market value of $3.9 billion.
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Jane Bailey is a Marketing Associate at Dakota.
