Ohio Police & Fire Pension Fund, Columbus, made two new alternative fund commitments totaling $100 million.
The $17 billion pension fund's board at its meeting Wednesday approved commitments of $50 million each to buyout fund GTCR Fund XIV and HPS Specialty Loan Fund VI, a senior lending fund managed by HPS Investment Partners.
The pension fund previously committed up to $30 million to GTCR Fund XIII in 2020. The HPS commitment is the pension fund's first to the manager.
The actual allocations to private equity and private credit are 8.7% and 2.8%, respectively; their respective targets are 10% and 5%.