San Antonio Pension Cranks Up PE Portfolio
The San Antonio Fire & Police Pension Fund, which oversees $4 billion in assets, added four private equity funds totaling $80 million, according to October investment committee meeting minutes.
Allocations of $20 million each were made to Arlington Capital Group VI; Cortec Group Fund VIII; K6 Private Investors, and PSG VI.
Arlington Capital Partners is focused on middle market buyout investments in U.S. growth industries such as aerospace and defense, government services and technology, healthcare and business services and software. Cortec Group VIII is a private equity fund that makes control buyout investments in non-tech lower middle market companies. Other allocators to the fund include the Ohio Police and Fire Pension Fund.
K6 Investments makes long-term investments in growing companies in diverse sectors and markets. Meanwhile, PSG VI, managed by Providence Strategic Growth, is targeting commitments of $6.5 billion. PSG’s growth equity strategy is centered on investing in emerging growth, founder bootstrapped, B2B software companies.
Pictured: San Antonio Fire & Police Pension Fund headquarters