The $17.89 billion Ohio Police & Fire Pension Fund investment (OP&F) has logged a 12.9 percent net return for the one-year period through Dec. 31, 2021.
The real assets portfolio — which includes infrastructure — is valued at $817 million, representing 4.5 percent of the total portfolio. The interim target allocation to real assets is 5 percent.
In January, OP&F unveiled plans to target $120 million to $200 million of new commitments to closed-end funds and up to $150 million in new open-end fund commitments on behalf of its real assets portfolio, primarily in the infrastructure portion of the portfolio.
In other news, Wilshire, OP&F’s general investment consultant, reported that despite a net of fees return of negative 0.73 percent for the quarter, the entire portfolio fared well against its benchmark, which returned a negative 1.18 percent.
Also, for the one-year ended March 2022, OP&F’s total fund net return of 14.6 percent
