The Ohio Police & Fire Pension Fund (OP&F) has approved a new investment plan for its real assets portfolio, which will allow the fund to invest between $70 million and $160 million in infrastructure, specifically to closed-end funds.
According to notes from a Jan. 22 investment committee meeting, the plan calls for a gradual increase in agriculture investments over the longer term, with no amount or timing specified.
The plan did not anticipate any new timberland investments in 2020.
The OP&F real assets portfolio is valued at $482 million, or 2.95 percent of the total portfolio. OP&F has a 5.2 percent target to real assets.
