Monthly Board Report

Board Report, January 2026

Heaton named newest OP&F trustee

Christopher Heaton, a lieutenant with the Beavercreek Township Fire Department, was elected as an Active Fire Representative to the Ohio Police & Fire Pension Fund Board of Trustees on Jan. 27. His first meeting as an OP&F trustee will be March 24-25.

Heaton fills the seat vacated by the resignation of John Deal in December. Heaton will serve the remainder of Deal’s term, which expires in June 2027. Heaton will be eligible to run for a new full term in the spring of 2027.

Heaton has been with Beavercreek Township Fire since 2017 and has been an Ohio firefighter since 2002. He has been president of the International Association of Fire Fighters Local 2857 since 2017 and serves as a trustee with the Ohio Association of Professional Firefighters. Heaton has a bachelor’s degree in Fire Science from Columbus Southern University.

PORTFOLIO UPDATE

  • As of 1/27: $21.8 billion
  • End of December $21.2 billion
  • End of November $21.1 billion
  • Board of Trustees Committee Notes

    (Motions voted on by the Board are listed separately)

    DISABILITY: The Committee conducted its scheduled reviews and hearings.

    GOVERNMENT AFFAIRS AND POLICY: The Executive Director updated the Committee on pending state legislation and how they may affect OP&F.

    INVESTMENT: Staff presented the monthly portfolio update and year-end investment performance.

    Motions:

    At its January 2026 meeting, the OP&F Board of Trustees approved the following motions:

  • The Board approved staff and Aksia’s investment recommendation to commit up to $50 million to Audax Direct Lending Solutions Fund III-A (Levered Fund). Motion passed by unanimous vote (Investment Committee).
  • The Board approved staff and Aksia’s investment recommendation to commit up to $15 million to Francisco Partners Agility IV. Motion passed by unanimous vote (Investment Committee).
  • The Board approved the meeting minutes from the March 2025 Government Affairs and Policy Committee Motion passed by unanimous vote (Government Affairs and Policy Committee).
  • The Board approved the following from the Disability Committee. Motions passed by unanimous vote:
    • Approved recommendations for 11 Initial Determinations of Disability Hearings and one Reconsideration Hearing.
      • Approved recommendations for five Appeal Hearings.
        • Approved recommendations for one Death Benefit Fund application.
          • Approved the Disability Reporting Waivers list.
            • Approved the recommendation for excusable neglect for the Health Care Stipend of 10 members.

            NEXT BOARD OF TRUSTEES MEETINGS: March 24-25, 2026

    Previous Reports

    Monthly Report for January 2026
    - Posted February 24, 2026
    Monthly Report for December 2025
    - Posted December 12, 2025
    Monthly Report for October 2025
    - Posted October 29, 2025
    Monthly Report for September 2025
    - Posted September 25, 2025
    Monthly Report for August 2025
    - Posted September 04, 2025
    Monthly Report for June 2025
    - Posted June 25, 2025
    Monthly Report for April 2025
    - Posted May 07, 2025
    Monthly Report For January 2025
    - Posted February 06, 2025
    Monthly Report For December 2024
    - Posted December 11, 2024
    Monthly Report For October 2024
    - Posted November 07, 2024
    Monthly Report For September 2024
    - Posted October 02, 2024
    Monthly Report For August 2024
    - Posted September 06, 2024
    Monthly Report For June 2024
    - Posted June 27, 2024
    Monthly Report For April 2024
    - Posted May 02, 2024
    Monthly Report For March 2024
    - Posted March 13, 2024
    Monthly Report for January 2024
    - Posted January 31, 2024
    Monthly Report for December 2023
    - Posted January 11, 2024
    Monthly Report for November 2023
    - Posted November 13, 2023
    Monthly Report for September 2023
    - Posted October 06, 2023
    Monthly Report for August 2023
    - Posted September 18, 2023
    Monthly Report for June 2023
    - Posted July 09, 2023
    Monthly Report for May 2023
    - Posted June 01, 2023
    Monthly Report for April 2023
    - Posted May 03, 2023
    Monthly Report for February 2023
    - Posted March 20, 2023
    Monthly Report for January 2023
    - Posted February 01, 2023
    Monthly Report for December 2022
    - Posted December 29, 2022
    Monthly Report for October 2022
    - Posted November 04, 2022
    Monthly Report for September 2022
    - Posted October 07, 2022
    Monthly Report for August 2022
    - Posted September 09, 2022
    Monthly Report for June 2022
    - Posted July 06, 2022
    Monthly Report for May 2022
    - Posted June 02, 2022
    Monthly Report for April 2022
    - Posted May 05, 2022
    Monthly Report for March 2022
    - Posted April 19, 2022
    Monthly Report for February 2022
    - Posted March 15, 2022
    Monthly Report for January 2022
    - Posted February 02, 2022
    Monthly Report for December 2021
    - Posted December 08, 2021
    Monthly Report for October 2021
    - Posted November 02, 2021
    Monthly Report for September 2021
    - Posted October 07, 2021
    Monthly Report for August 2021
    - Posted September 01, 2021
    Monthly Report for June 2021
    - Posted July 12, 2021
    Monthly Report for May 2021
    - Posted June 02, 2021
    Monthly Report for April 2021
    - Posted May 24, 2021
    Monthly Report for March 2021
    - Posted April 08, 2021
    Monthly Report for February 2021
    - Posted March 04, 2021
    Monthly Report for January 2021
    - Posted February 04, 2021



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