OP&F News

OP&F Investment Notes December 2018

Portfolio value:
The OP&F portfolio was $14.7 billion as of 12/18/2018

Board accepts private market recommendation for Harvest Partners VIII
The OP&F Board approved a commitment of up to $40 million to Harvest Partners VIII for its private markets portfolio. Harvest Partners VIII seeks to make control-oriented investments in middle market companies located primarily in North America. This is the third investment with Harvest, having previously committed to Harvest VI and VII.

The commitment to Harvest VIII brings the total commitments in 2018 to $160 million. The 2018 Private Markets Plan for OP&F called for approximately $180 million in new commitments. The private markets portfolio at OP&F is valued at $1.22 billion, or 8.0 percent of the total portfolio. The target allocation to private markets is 8.0 percent.

Real estate, real asset plans approved for 2019
The Board of Trustees approved investment plans for both the real estate and real assets portfolios during its December meeting. The 2019 Real Estate Investment Plan will target between $120 and $170 million in new commitments in the tactical portion of the real estate portfolio. There will be a focus on U.S. investments for these new commitments.

The 2019 Real Assets portfolio will look for new investment opportunities primarily in the infrastructure portion of the asset class. No new investments are expected in the timber, while in agriculture, OP&F will pause investing in permanent crops and gradually add row crop exposure over the longer-term. OP&F will target $120 million in closed end funds in 2019. Approximately $175 million will be targeted to open-end commitments over the next several years.

The real assets portfolio is currently valued at $379 million, or 2.5 percent of the total portfolio. The long term target allocation for real assets is 8.0 percent.

Posted 12/20/2018

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OP&F investment notes, April 2021
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OP&F investment notes, March 2021
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OP&F investment notes, February 2021
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Beware of scam phone calls
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OP&F investment notes, January 2021
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OP&F investment notes, October 2020
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OP&F Investment Notes, September 2020
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Health care webinars Sept. 15-24
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OP&F retirees taking advantage of extended reimbursement deadlines
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Pre-Retirement meetings to be webinars this year
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