OP&F adds private credit allocation

The Ohio pension's private debt target is now 5%.

The Ohio Police & Fire Pension Fund's High Yield allocation will be reduced from 15 percent to 7 percent with private credit, which had been included within High Yield, getting a separate 5 percent allocation. The fund has also committed $50 million to CapitalSpring Investment Partners V.

The $15 billion US public pension has a 19 percent allocation to alternatives including private debt.

Platinum subscribers may click here for OP&F’s full profile, including key contacts, allocation strategy and fund investments.