Houston Firefighters’ approves $25m commitment

The US public pension has backed a real estate debt fund.

Institution: Houston Firefighters’ Relief and Retirement Fund
Headquarters: Houston, United States
AUM: $4.26 billion
Allocation to alternatives: 27%

Houston Firefighters’ Relief and Retirement Fund has confirmed a $25 million commitment to Torchlight Debt Opportunity Fund VII, according to the pension’s October 2020 board investment meeting.

As illustrated below, the pension allocates 27 percent of its full investment portfolio to alternative assets. Its recent private debt commitments have been primarily to North American vehicles focused on the real estate and corporate sector.

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