The Ohio Police & Fire Pension Fund’s board of trustees approved a $60 million commitment to Landmark Equity Partners XV at its April meeting, spokesman David Graham told Private Equity International.
Landmark is seeking $2 billion for the secondaries fund, which it launched in 2012. Fund XV has also attracted commitments from the New York City Employees’ Retirement System, the San Antonio Fire and Police Pension Fund and the Board of Regents State of Iowa, according to Private Equity International’s Research & Analytics division.
Ohio Police & Fire is an investor in Landmark funds XI, XIII and XIV. The $13.1 billion pension fund has a 4.3 percent actual allocation to private markets, which includes buyouts, secondaries, fund of funds and venture capital.
In January, Ohio Police and Fire established a new relationship with Warburg Pincus, committing $55 million to Warburg Pincus Private Equity XI.
The pension fund’s total portfolio generated a 14.9 percent return in 2012.