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Ohio Police & Fire approves up to $160m in infrastructure investments for 2020
Investors - JANUARY 23, 2020

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Ohio Police & Fire approves up to $160m in infrastructure investments for 2020

by Kali Persall

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.

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