The Ohio Police and Fire Pension Fund (OP&F) has revised investment policies for real estate and private markets, according to correspondence from the pension fund.
While the prior real estate policy recommended a minimum of 30 percent of net asset value to be invested in core investments, the updated policy changed this minimum to 25 percent.
The Private Markets Investment Policy has changed the allocation range for secondary funds from 0 percent to 20 percent and private markets from 0 percent to 15 percent. The co-investment funds allocation range also was revised from 0 percent to 15 percent to 0 percent to 10 percent.
Geographic allocations were also revised, recommending 60 percent to 100 percent to U.S. allocations, as compared with the prior recommendation of 50 percent to 80 percent, with 0 percent to 40 percent recommended for non-U.S. allocations, from 20 percent to 50 percent.
As of Sept. 16, the OP&F portfolio was valued at $20.6 bill
