Notes from the Investment Committee meeting on June 30, 2021
The OP&F portfolio was valued at $18.34 billion as of June 29.
Private credit commitment approved
OP&F’s Board approved a commitment of $50 million to CapitalSpring Investment Partners VI at its June meeting. The private credit fund will focus on the branded franchise restaurant sector in the U.S. In 2017, OP&F invested in CapitalSpring Fund V.
OP&F’s Private Credit portfolio is valued at $510 million, or 2.79 percent of the total portfolio. The target for the asset class is 5.0 percent.
Investment plan for private credit portfolio approved
Also approved at the June meeting was the 2021-22 Private Credit investment plan, which includes a pacing plan to reach the 5.0 percent asset class target within four years. The Board-approved plan calls for commitments between $250 million and $300 million between June 2021 and June 2022.