OP&F News

OP&F investment notes, December 2020

Notes from the Investment Committee meeting on Dec. 1-2, 2020

Portfolio value:

The OP&F portfolio was valued at $16.24 billion as of 12/02.

Board approves private credit recommendation

OP&F’s Board of Trustees approved a recommendation to commit up to $50 million to Raven Asset Based Credit Fund II. The fund focuses on asset-based investments, targeting lower middle market opportunities in North America.

As of October 31, OP&F’s Private Credit portfolio was valued at $465 million, or 3.0 percent of the total portfolio. The target allocation for Private Credit is 5.0 percent. The 2020-21 investment plan for private credit (July 1, 2020 through June 30, 2021) calls for new investments totaling between $225-275 million. The Raven Asset Based Credit Fund II commitment is the first for this investment plan year.

2021 Private Markets Investment Plan

For the calendar year 2021, OP&F staff, along with investment consultants, Wilshire Associates and Aksia Torrey, recommended an investment plan calling for between $80 million and $120 million in new commitments for the private markets asset class. The target range is designed to reach and maintain the 8.0 percent target for the OP&F private markets portfolio.

As of October 31, the value of OP&F’s private markets portfolio was $1.45 billion, or 9.4 percent of the total portfolio. While the percentage is currently above OP&F’s target, it is well within the allocation range for the asset class.

Posted 12/03/2020

Other News

No changes in health care process after sale of Aon Retiree Health Solutions
- Posted June 04, 2021
New videos help members connect to virtual appointments
- Posted June 03, 2021
OP&F Investment notes, May 2021
- Posted May 27, 2021
Public can attend May 26 OP&F Board meeting
- Posted May 20, 2021
Member’s Report Spring Newsletter now available
- Posted April 29, 2021
OP&F investment notes, April 2021
- Posted April 29, 2021
OP&F investment notes, March 2021
- Posted April 01, 2021
OP&F investment notes, February 2021
- Posted February 25, 2021
Beware of scam phone calls
- Posted February 15, 2021
OP&F investment notes, January 2021
- Posted January 28, 2021
Member’s Report Winter Newsletter now available
- Posted January 14, 2021
OP&F Trustee Moore recognized
- Posted January 06, 2021
2021 Direct deposit dates for benefit payments
- Posted December 23, 2020
Czack, Drum and Deal win terms on OP&F Board
- Posted December 21, 2020
Trustee election results announced by Dec. 21
- Posted December 04, 2020
Aon presenting special HRA webinars
- Posted December 04, 2020
OP&F investment notes, December 2020
- Posted December 03, 2020
Thank you, first responders
- Posted November 25, 2020
Trustee election ballots due back by Dec. 1
- Posted November 13, 2020
Proof of health care insurance letter
- Posted November 09, 2020
Be careful with your personal information
- Posted November 05, 2020
Pension funding status improves
- Posted October 28, 2020
Trustee election ballots go out Oct. 26
- Posted October 26, 2020
OP&F investment notes, October 2020
- Posted October 22, 2020
A reminder about DROP distribution deadlines for 2020
- Posted October 13, 2020
Pre-Retirement Webinar recording now available online
- Posted October 12, 2020
Study of health care fund shows improvement
- Posted October 08, 2020
Pre-Retirement webinars scheduled this week
- Posted October 05, 2020
OP&F Investment Notes, September 2020
- Posted October 02, 2020
OP&F again offering stipend increase for low-income households
- Posted October 01, 2020
Member's Report Fall Newsletter now available
- Posted September 30, 2020
Health care webinars Sept. 15-24
- Posted September 04, 2020
OP&F Investment Notes, August 2020
- Posted August 28, 2020
Rescheduled trustee election schedule approved
- Posted August 27, 2020
OP&F retirees taking advantage of extended reimbursement deadlines
- Posted August 03, 2020
Pre-Retirement meetings to be webinars this year
- Posted August 03, 2020
Member’s Report Summer Newsletter now available
- Posted July 29, 2020
2019 financial reports now available
- Posted July 14, 2020
OP&F Investment Notes, June 2020
- Posted June 18, 2020
Deadline to submit 2019 health care claims now Sept. 30
- Posted June 16, 2020