Ohio Police & Fire Pension Fund, Columbus, named five finalists in its search for its first private markets consultant, confirmed spokesman David Graham.
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.