Investors - APRIL 27, 2017

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OP&F approves new real assets allocation

by Jody Barhanovich

The $15 billion Ohio Police & Fire Pension Fund approved its previously reported plan to adopt a new real assets allocation, the 2017 Real Assets Investment Plan.

In November 2016, OP&F approved the conversion of its existing timber allocation to the new real assets allocation. The target allocation for real assets will be 5.0 percent of the total portfolio.

The plan adopted is designed to guide the near-term implementation of OP&F’s new real assets allocation, which will include infrastructure, agriculture and existing timber investments. A target range of $200 million to $280 million in new commitments was suggested for 2017.

OP&F’s consultant, The Townsend Group, recommended the new asset allocation. No searches will be conducted, as Townsend will bring potential opportunities to OP&F for consideration.

Townsend has been the long-ti

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