Houston Firefighters’ Relief and Retirement Fund has unveiled its proposed 2027 private equity pacing plan, targeting up to $402 million in new commitments. The plan, presented at a recent investment committee meeting, outlines $235 million for primary fund commitments and $110 million for secondary transactions. The remaining funds are allocated for co-investments and other private equity activities.
The fund aims to maintain its long-term strategy of diversifying its portfolio through private equity investments, which have historically delivered strong returns compared to public markets. The pacing plan reflects HFRRF’s confidence in the asset class and its commitment to supporting high-quality fund managers. The fund will continue to evaluate opportunities across various strategies, including buyouts, growth equity, and venture capital, to maximize returns for its members.
Source: PE International · Summarized by HeadlinesBriefing