OP&F Investment notes, December 2023

Portfolio value: The OP&F portfolio was valued at $17.2 billion as of Dec. 4

Board approves real estate recommendation to Blackstone Property Partners

A commitment of up to $100 million to Blackstone Property Partners was approved at OP&F’s Dec. 6 Board meeting. The open-end, core/core-plus fund focuses on substantially stabilized office, multi-family, studio & media office, retail, data centers, student housing, life science office and industrial real estate opportunities in the U.S. and Canada.

OP&F’s real estate portfolio was valued at $1.9 billion as of Oct. 31, or 11.44 percent of the total portfolio. The target for the asset class is 12 percent.

Final Private Markets Investment commitment made for 2023

The OP&F Board made a private markets commitment of up to $40 million to Trinity Hunt Partners VII at its Dec. 6 meeting. Trinity Hunt VII looks to make control investments in North American small and micro-cap businesses.

OP&F’s private markets portfolio is valued at $1.45 billion as of Oct. 31, or 8.7 percent of the total portfolio. The target for the asset class is 10.0 percent. In 2023, OP&F has committed $235 million to private markets investments. The target for commitments in 2023 was between $220 million and $250 million.

Posted 12/07/2023