OP&F partners with Putnam Hill

The US public pension has backed private debt vehicle.

Name: Ohio Police & Fire Pension Fund
Headquarters: Columbus, US
AUM: $16.9 billion
Allocation to private credit: 3.1%

Ohio Police & Fire Pension Fund (OP&F) committed $50 million to Putnam Hill Private Credit Fund, as per a recent investment committee meeting.

The fund is classified as a primary US mid-market fund with a focus on providing loans to privately owned companies in North America that have private equity backing.

For the 2023 OP&F Private Credit Plan, with a duration from July 2023 to June 2024, the target investment range is set at $235 million to $285 million. This marks the second commitment made during the 2023 plan year. Currently, OP&F’s private credit portfolio is valued at $533 million, representing 3.1 percent of the total portfolio. The ultimate policy goal is to reach a 5 percent allocation to private credit.

Platinum subscribers may click here for the investor’s full profile, including key contacts, allocation strategy and fund investments