The $17.4 billion Ohio Police & Fire Pension Fund (OP&F) has set a target for its real assets portfolio in 2023. The portfolio, which consists of infrastructure, agriculture and timber investments, is seeking between $250 million and $350 million in new commitments in 2023.
Specifically, $100 million to $200 million of new commitments will be in closed-end funds, and the remaining $150 million will be open-end funds. The new commitments will primarily be in the infrastructure portion of the portfolio.
In other news, OP&F’s real assets portfolio saw a 1.2 percent total net return for third quarter 2022, and a net return of 9.1 percent for the 12-month period ending Sept. 30, 2022.
OP&F’s real assets portfolio is valued at $915 million — representing 5.4 percent of the total portfolio — with a target allocation of 8 percent.
