Ohio Police & Fire Pension Fund, Columbus, approved two new alternative fund commitments totaling up to $90 million.
The $17.1 billion pension fund's board approved commitments of up to $50 million to direct lending fund H.I.G. WhiteHorse Middle Market Unlevered Loan Feeder Fund and up to $40 million to The Resolute Fund VI, a middle-market buyout fund managed by The Jordan Co. at its meeting Wednesday, spokesman David Graham said in an email.
The pension fund previously committed up to $30 million to The Resolute Fund IV in 2018, and this is its first commitment to an H.I.G. WhiteHorse fund.
The pension fund's actual allocations to private markets and private credit are currently 8.3% and 2.9%, respectively; their respective current interim targets are 8.5% and 3.5%.