Ohio Police & Fire Pension Fund, Columbus, named five finalists in its search for its first private markets consultant, confirmed spokesman David Graham.
The $13.7 billion pension fund named Altius Associates, Cliffwater, Meketa Investment Group, Strategic Investment Solutions and TorreyCove Capital Partners as finalists.
The pension fund issued an RFP in September as part of a push to raise its level of commitments to meet its long-term target allocation of 8%. The current actual allocation to private markets is 4.2%.
The finalists will make presentations at the Jan. 29 board of trustees meeting, with a decision likely to follow shortly thereafter.
Separately, the board approved at its meeting Wednesday a real estate investment plan presented by Townsend Group, the pension fund's real estate consultant.
Townsend recommended maintaining the pension fund's $795 million strategic portfolio and making about $175 million in commitments in the $500 million tactical portfolio in 2014. The pension fund does not issue RFPs for real estate commitments.
