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Ohio Police & Fire allocates $30 million to 2 Marlin private equity funds

Ohio Police & Fire Pension Fund, Columbus, made two new commitments totaling up to $30 million to funds managed by Marlin Management Co., said David Graham, spokesman, in an email.

The $14.6 billion pension fund committed up to $24 million to Marlin Equity Partners V and up to $6 million to Marlin Heritage Fund II. Both are middle-market private equity funds, the former dealing at the upper end of the market and the latter at the lower end, Mr. Graham said. It is the first time the pension fund has made commitments to Marlin funds.

It is the final private markets commitment for the pension fund's 2016 strategic investment plan.

Private markets consultant TorreyCove Capital Partners assisted.

Separately, the pension fund's board approved its 2017 private markets investment plan at its meeting on Wednesday, Mr. Graham said. The pension fund is targeting aggregate capital commitments of $175 million to the asset class through Jan. 31, 2018. The long-term target is 8%. As of Dec. 31, the actual allocation was 6.2%.