The $20.16 billion Ohio Police & Fire Pension Fund (OP&F) greenlighted a commitment of up to $80 million to the Meridiam Infrastructure North America Fund IV (MINA IV) at its Aug. 27 meeting.
MINA IV, launched in 2023, follows a greenfield-focused build-to-core strategy to construct a diversified portfolio of long-term contracted infrastructure projects in North America. The Meridiam-managed fund has raised more than $720 million in commitments, as of 2024. Investors include the Employees’ Retirement System of Rhode Island and the Sacramento County (Calif.) Employees Retirement System, which each contributed $40 million.
OP&F’s real assets portfolio includes infrastructure, agriculture and timber investments. The current value of the portfolio is $1.3 billion, representing 6.4 percent of the total portfolio. The long-term target allocation for real assets is 8 percent.
In related news, OP&F’s general investment consultant, Wilshire, present
