OP&F News

OP&F Investment Notes May 2019

Notes from the Investment Committee meeting on May 22

Portfolio value:
The OP&F portfolio was $15.6 billion as of 5/21

OP&F approves direct lending investment
The OP&F Board approved a recommendation to invest up to $50 million in GSO European Debt Fund II. ESDF II will seek to provide privately originated senior secured financing to upper middle market European corporates.

OP&F’s private credit portfolio is currently valued at $317 million, or 2.0 percent of the total portfolio. The long term target for the asset class is 5.0 percent.

Private markets investment approved
The OP&F Board approved a recommendation to invest up to $20 million in Trident VIII. Trident VIII will concentrate on opportunities in the financial services industry in North America and Western Europe. OP&F has an existing investment in Trident VII.

OP&F’s private markets portfolio is currently valued at $1.26 billion, or 8.0 percent of the total portfolio, which is also the target allocation. Trident VIII is the third investment in private markets totaling $60 million so far in 2019. The 2019 investment plan allotted $120 million for investment, which is expected to allow for three additional commitments of up to $20 million each for the remainder of the year.

Wilshire presents first quarter performance report
OP&F’s investment consultant, Wilshire Associates, presented the performance report for periods ended March 31, 2019. The portfolio had a 7.95 percent net return for the first quarter and a 5.92 percent net return for the 12 months ended March.

Posted 5/23/2019

Other News

Member’s Report Summer Newsletter now available
- Posted July 29, 2021
2020 financial reports now available
- Posted July 01, 2021
OP&F investment notes, June 2021
- Posted July 01, 2021
OP&F Names Foley Executive Director
- Posted June 30, 2021
Public can attend June OP&F Board meetings
- Posted June 18, 2021
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