Searches and Hires

Ohio Police & Fire commits $30 million to Jordan Co. buyout fund

Ohio Police & Fire Pension Fund, Columbus, committed up to $30 million to The Resolute Fund IV, a middle-market buyout fund managed by The Jordan Co., spokesman David Graham said in an email.

The $15.7 billion pension fund previously committed up to $50 million to The Resolute Fund III in 2013. The pension fund's private markets target is 8%; the actual allocation is 6.7%, Mr. Graham said.

Private markets consultant TorreyCove Capital Partners assisted.

Separately, the pension fund's board at its meeting Wednesday named three finalists in its shortlist search for an active international equity manager to run about $750 million. Arrowstreet Capital, Baillie Gifford and Harding Loevner will make presentations at the board's March 27-28 meeting, with a decision expected shortly thereafter. Funding comes from a transition portfolio managed by Russell Investments since the termination of Thornburg Investment Management in 2014. As of Jan. 31, the actual allocation to international equities was 21.1%; the target is 16%.

General investment consultant Wilshire Associates is assisting with the search.