OP&F commits $50m to HIG debt fund

The US public pension has backed a North American-focused debt fund.

Institution: Ohio Police & Fire Pension Fund
Headquarters: Columbus, US
AUM: $17.1 billion
Allocation to private equity: 8.3%

Ohio Police & Fire Pension Fund has approved a commitment of $50 million to HIG WhiteHorse IV, a spokesman at the pension confirmed.

OP&F’s private debt portfolio is worth $512 million, equating to 2.9% of the overall portfolio. It targets an allocation of 3.5% for the asset class.

The commitment to HIG WhiteHorse IV brings the total commitments to private credit in the plan year of January 2022 to June 2023 to $100 million.

The pension’s recent commitments have focused on senior and subordinated/mezzanine debt strategies, with a focus on the corporate sector.

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