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Arcis Group receives commitment from Houston Firefighters’

The US public pension fund has backed a Western Europe-focused secondaries PE fund.

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.

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