Notes from the Investment Committee meeting on Oct. 20-21, 2020
The OP&F portfolio was valued at $15.66 billion as of 10/20.
REAL ESTATE COMMITMENT MEETS OP&F’S TARGET FOR 2020
The Board approved a commitment of up to $60 million to Oaktree Real Estate Opportunities Fund VIII. This is OP&F’s first commitment to an Oaktree fund. Oaktree Real Estate Opportunities Fund VIII is a closed-end diversified credit distress fund with a primary focus on U.S. opportunities.
The commitment is the third and final real estate commitment for the 2020 plan year for OP&F and brings total 2020 partnership commitments to $180 million.
The OP&F real estate portfolio is valued at $1.6 billion, or 10.5 percent of the total investment portfolio. OP&F’s target for the asset class is 12.0 percent.