OP&F News

OP&F Investment notes, May 2023

Notes from the Investment Committee meetings on May 24

Portfolio value: The OP&F portfolio was valued at $17.1 billion as of May 23

OP&F commits $40 million to Resolute VI private markets fund

The OP&F Board approved a commitment of up to $40 million to The Resolute Fund VI, a private markets fund focusing on the middle and upper middle market opportunities. OP&F also has an investment in Resolute Funds III and IV.

OP&F’s private markets portfolio is valued at $1.44 billion, or 8.3 percent of the total portfolio. The current interim target for the asset class is 8.5 percent, while the long term target is 10 percent. The commitment to Resolute VI moves the total 2023 commitments to private markets to $155 million. The target for the year is between $220-250 million.

Private Credit portfolio adds new commitment

The OP&F Board approved a commitment of up to $50 million to HIG WhiteHorse IV, which concentrates on a variety of middle market loans.

OP&F’s private credit portfolio is valued at $512 million, or 2.9 percent of the total portfolio. The current interim target for the asset class is 3.5 percent. The commitment to HIG WhiteHorse IV moves the total commitments to private credit in the 7/1/2022 - 6/30/2023 plan year to $100 million.

Performance reports presented to Board

Consultants for OP&F presented investment performance reports to the Board at its May meeting. Wilshire presented the performance report for the entire portfolio through the 1st quarter of 2023, showing a net 3.5% return for the quarter.

Townsend presented performance reports through the 4th quarter of 2022 for both the real estate and real assets portfolios. The real estate portfolio showed a negative 3.7 percent net return for the 4th quarter of 2022 but a 6.6 net percent return for calendar year 2022. The real assets portfolio had a 3.3 percent net return for the 4th quarter and a 7.1 percent net return for the calendar year.

Posted 5/25/2023

Other News

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
Steel wins election for active police trustee position
- Posted May 18, 2023
Annual statements available online for active members
- Posted May 10, 2023
Maloney Stifler re-appointed to OP&F Board of Trustees
- Posted May 05, 2023
Budget award presented to OP&F
- Posted May 02, 2023
Active police trustee election ballots in the mail
- Posted April 28, 2023
OP&F Investment notes, April 2023
- Posted April 27, 2023
Member’s Report Spring Newsletter now available
- Posted April 18, 2023
OP&F Member Guidebooks
- Posted April 13, 2023
App helps OP&F retirees manage Health Reimbursement Arrangement
- Posted April 05, 2023