Ohio Police and Fire pension plan announces a $50 million commitment to Strategic Value Special Situations Fund VI, enhancing its private credit portfolio amid a favorable market.

Information on the Target

The Ohio Police and Fire pension plan, which has assets totaling $19.3 billion, has recently announced that it has $115 million remaining to invest in its private credit portfolio for the fiscal year ending June 30, 2025. The pension plan's investment strategy is focused on expanding its commitment to private credit, having set an allocation target of between $215 million and $265 million for new investments in the upcoming year.

As of now, the Ohio P&F pension fund has allocated approximately 3.3%, or $638 million, of its total portfolio to private credit investments, with an interim goal of reaching 4% and a long-term goal set at 5%. This commitment reflects the fund's intention to enhance its private credit exposure as part of its overall investment strategy.

Industry Overview in Ohio

The private credit market in Ohio has seen significant growth as institutional investors increasingly turn to alternative investment strategies to enhance returns. With the persistent low-interest-rate environmen