Name: Ohio Police & Fire Pension Fund
Headquarters: Columbus, US
AUM: $17.2 billion
Allocation to private debt: 3%
The fund offers direct lending within the central US middle market and primarily targets loans for private companies, many of which have private equity backing.
For 2023, OP&F’s private credit plan has set a target allocation of $235 million-$285 million. The Barings investment represents their first commitment of the year towards this goal.
Currently, OP&F’s private credit portfolio is valued at $531 million, accounting for 3.0 percent of its overall portfolio. Their goal is to increase this allocation to reach a target of 3.5 percent.
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