Ohio Police & Fire Pension Fund, Columbus, committed up to $50 million to Strategic Value Special Situations Fund VI.
The $19.1 billion pension fund’s board approved the commitment to the distressed debt fund managed by Strategic Value Partners at its April 30 meeting, said spokesman David Graham.
It is the pension fund’s first commitment to Strategic Value Partners, Graham said.
The pension fund’s current asset allocation to private credit is 3.3%; its long-term target is 5%.
