Ohio Police & Fire commits to energy fund
The Ohio Police & Fire Pension Fund has committed up to $30 million to Riverstone Global Energy and Power Fund VI, according to Dave Graham, communications manager for the pension fund.
The commitment falls under the $14.4 billion pension fund’s private equity allocation. OP&F has a 4.9 percent allocation to the asset class.
The fund, managed by Riverstone Holdings, has a target size of $7.5 billion and will pursue investments such as exploration and production, midstream, energy services, power, and coal. Its predecessor closed in June 2013 after raising $7.7 billion in equity, according to IREI’s FundTracker database.
Other recent commitments to the energy fund have come from the Texas County & District Retirement System, the South Dakota Investment Council and the Teachers’ Retirement System of the State of Illinois.