Institution: Houston Firefighters’ Relief and Retirement Fund
Headquarters: Houston, US
AUM: $4.13 billion
Allocation to alternatives: 26%
Houston Firefighters’ Relief and Retirement Fund has approved a €20 million commitment to European Secondary Development Fund VI, according to minutes from the pension’s August 2020 board meeting.
European Secondary Development Fund VI is managed by London-based Arcis Group. Fund VI’s immediate predecessor closed at €310 million in August 2016.
As illustrated below, Houston Firefighters’ recent secondaries commitments have targeted private equity funds focused on Western Europe, North America and Asia-Pacific.
Platinum subscribers may click here for the investor’s full profile, including key contacts, allocation strategy and fund investments.