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FUNDRAISING NEWS | January 31, 2025
The San Antonio Fire and Police Pension Fund made a $25M follow-on commitment to CarVal Investors’ aviation-focused buyout fund, according to its recently published minutes from its December 11, 2024, board meeting.
The Texas pension unanimously approved the allocation to CarVal Aviation Income Fund II, following a discussion with the AllianceBernstein-affiliated manager on risks and opportunities within the global aviation industry. The re-up commitment was first considered during the pension’s November 20 board meeting, as it noted a 10.6% IRR from its investment in predecessor Fund I.
To date, San Antonio Fire and Police manages a total portfolio valued at $4.3B, per latest Dakota data.
Written By: Dakota
November 05, 2024
November 05, 2024
September 18, 2024
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