OP&F News

OP&F Investment notes, January 2020

Notes from the Investment Committee meeting on Jan. 22

Portfolio value

The OP&F portfolio was valued at $16.42 billion as of 1/21

Private markets plan sets target for 2020

The Board approved the recommendation by staff and investment consultant Wilshire Associates for the 2020 Private Markets Investment Plan. The plan calls for between $92 million and $142 million in new commitments during the year, most likely divided into approximately five different opportunities (see below). The private markets portfolio is 8.3 percent of the total OP&F portfolio, or $1.36 billion. The target allocation for private markets is 8.0 percent.

First private markets recommendation approved: $20 million to MBK V The Board approved a recommendation from staff and TorreyCove (OP&F’s private markets consultant) to commit up to $20 million to MBK Partners Fund V, L.P. The commitment is the first of the year as planned by the private markets plan approved in the same meeting.

MBK V specializes in telecommunication/media, financial services and consumer retail opportunities in North Asia (Japan, Korea and China). In 2016, OP&F committed to MBK IV.

Real estate plan for 2020 approved

Tactical portfolio commitments between $110 and $160 million will be targeted throughout this year after the OP&F Board of Trustees approved the 2020 Real Estate Investment Plan. OP&F’s real estate consultant, The Townsend Group, recommended the plan at the Board’s January meeting.

The entire targeted amount will be dedicated to opportunities in the tactical portion of the real estate portfolio. The approved plan calls for the strategic portion of the real estate portfolio to maintain its exposure with possible adjustments based on an upcoming review of OP&F’s open-end funds exposures.

The OP&F real estate portfolio is valued at $1.77 billion, or 10.84 percent of the total portfolio. The target for real estate is 12 percent.

Real assets plan approved for 2020

Townsend also presented its recommendation for the 2020 real assets investment plan, which was approved by the Board. A range of $70 million to $160 million is targeted for the infrastructure portion of the real assets portfolio in 2020, specifically to closed-end funds. The plan calls for a gradual increase in agriculture investments over the longer-term, with no amount or timing specified. The plan noted that no new timberland investments are planned for the year.

The OP&F real assets portfolio is valued at $482 million, or 2.95 percent of the total portfolio. The target for real assets is 5.2 percent.

Posted 1/24/2020

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