Insight

FPPA backs two tech funds

The US-based pension has committed $10m each to Foundation Capital and Alta Partners' newest funds.

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Institution: The Fire & Police Pension Association of Colorado
Headquarters: Greenwood Village, US
AUM: $6.5 billion
Allocation to private equity: 21.9%

The Fire and Police Pension Association of Colorado has made two new commitments of $10 million each, according to its June 14 board meeting.

The investment committee approved a $10 million commitment to Foundation Capital XI. The fund is targeting $600 million and invests in early-stage fintech and enterprise technology companies. The FPPA committed to its previous fund, Foundation Capital X, which closed in 2021 on $500 million.

Another commitment was made to Alta Partners NextGen Fund IV. The fund will invest in early-stage venture capital investments across life sciences, digital health technology and technology-enabled healthcare services. FPPA committed to its predecessor fund, Alta Partners NextGen Fund III, which closed in 2021 on $275 million.

FPPA’s most recent commitments can be seen in the table below.

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