Houston Firefighters’ agrees to $70m commitment

The US public pension has approved a commitment to an infrastructure fund focused on unlisted equity investments.

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Institution: Houston Firefighters’ Relief and Retirement Fund
Headquarters: Houston, United States
AUM: $4.16bn
Allocation to alternatives: 22.00%

Houston Firefighters’ Relief and Retirement Fund has agreed to commit $70 million to EQT Infrastructure Fund IV pending final due diligence and negotiations, a contact at the pension informed Infrastructure Investor.

The $4.16 billion US public pension has listed this investment as part of its private equity investments, which currently stands at 13.0 percent.

As illustrated in the charts below, Houston Firefighters’ is historically a sporadic investor into infrastructure funds, having made four commitments since 2007 constituting $150 million.

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