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Houston Municipal commits $20m to Kildare Partners fund

by Jody Barhanovich

The $2.5 billion Houston Municipal Employees Pension System has committed $20 million to Kildare European Partners II, an opportunistic real estate debt fund managed by Kildare Partners. 

Kildare European Partners II hasraised $1.14 billion as of June, according to IREI’s FundTracker database, with an equity fundraising target of $2.4 billion. The firm plans to expand its market coverage for the second fund in the series beyond the United Kingdom, in European markets such as Germany, the Netherlands, Portugal and Italy. Recently, the $180 billion California State Teachers’ Retirement System committed $300 million to Kildare European Partners II.

As of June 30, HMEPS had a real estate allocation of 10 percent.

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