OP&F News

OP&F Investment notes, April 2024

Portfolio value: The OP&F portfolio was valued at $17.77 billion as of April 23

Private markets commitment made to Tenex IV

OP&F approved a commitment of up to $35 million to Tenex Capital Partners IV at its April Board meeting. The fund focuses in North American buyout opportunities in the industrial sector.

This is the second investment OP&F has made with Tenex, having previously invested in Tenex II. So far in 2024, OP&F has made a total of $115 million in commitments to private markets funds. The 2024 target for the asset class is $130-160 million in commitments. OP&F’s current private markets portfolio is valued at $1.4 billion, or 7.75 percent of the total portfolio. The interim private markets target is 8.5 percent with a long term target of 10.0%.

OP&F commits $50 million to private credit fund

The OP&F Board also approved a $50 million commitment to Crescent European Specialty Lending Fund III. The private credit fund focuses on middle market lending opportunities in northern and western Europe.

The commitment is a part of the 2023-24 Private Credit Investment Plan, which runs until June 30, 2024. This is the fifth commitment of the plan year, bringing total commitments to $200 million so far. The target for commitments for the plan year is between $235 million and $285 million. OP&F’s private credit portfolio is valued at $542 million, or 3.0 percent of the total portfolio. The current, interim target for private credit is 4.0 percent with an ultimate long term target of 5.0 percent.

Posted 4/26/2024

 

Other News

Contact election administrator for trustee ballot questions
- Posted May 15, 2024
Annual statements available online for active members
- Posted May 13, 2024
Reminders about health care stipend eligibility
- Posted May 09, 2024
OP&F Investment notes, April 2024
- Posted April 26, 2024
OP&F headquarters among regional building of the year winners
- Posted April 25, 2024
Member’s Report Spring Newsletter now available
- Posted April 19, 2024
OP&F Virtual retirement meetings
- Posted April 05, 2024
2024 Direct deposit dates for benefit payments
- Posted March 21, 2024
OP&F Investment notes, March 2024
- Posted March 07, 2024
Forms page on OP&F website
- Posted March 05, 2024
App helps OP&F retirees manage Health Reimbursement Arrangement
- Posted February 28, 2024
Options available for retirement interviews
- Posted February 14, 2024
Alight Two-Step Verification
- Posted February 06, 2024
Board of Trustees 2024 elections
- Posted February 05, 2024
Member’s Report Winter Newsletter now available
- Posted January 17, 2024
Promises must be kept
- Posted December 29, 2023
2024 Direct deposit dates for benefit payments
- Posted December 08, 2023
OP&F Investment notes, December 2023
- Posted December 07, 2023
OP&F responds to city lobbying groups opposed to HB 296, praises Senate for intro. of SB 194
- Posted November 28, 2023
DROP distribution deadlines for 2023
- Posted November 13, 2023
Member’s Report Fall Newsletter now available
- Posted November 03, 2023
OP&F Investment notes, November 2023
- Posted November 02, 2023
Contacting OP&F
- Posted October 25, 2023
Website FAQ pages can assist OP&F members and employers
- Posted October 11, 2023
Representatives Abrams and Hall Introduce updated Public Safety Pension Modernization Act
- Posted October 05, 2023
OP&F Investment notes, September 2023
- Posted September 29, 2023
Options available for retirement interviews
- Posted September 25, 2023
OP&F Trustee named chief in Parma Heights
- Posted September 11, 2023
OP&F hosts flag raising ceremony on Saturday Sept. 9
- Posted September 08, 2023
OP&F Investment notes, August 2023
- Posted August 31, 2023
Board of Trustees meeting dates for 2024
- Posted August 23, 2023
Charity Champions check presented to FOP Foundation
- Posted August 22, 2023
Plan for your retirement page on OP&F website
- Posted August 16, 2023
OP&F Memorial Park - A lasting memorial
- Posted August 01, 2023
Member's Report Summer 2023
- Posted July 24, 2023
2022 Financial reports now available
- Posted July 20, 2023
OP&F Calendar of Events
- Posted July 13, 2023
OP&F 2023 Pre-retirement webinars and seminars
- Posted August 31, 2023
Forms page on OP&F website
- Posted June 23, 2023
June Board meeting date change
- Posted June 08, 2023
Budgeting your HRA: Understand that the stipend may not last all year
- Posted June 01, 2023
OP&F Investment notes, May 2023
- Posted May 25, 2023