The board of Ohio Police & Fire Pension Fund, Columbus, committed up to $40 million to Altaris Health Partners VI, a private markets buyout fund focusing on the health-care sector, primarily in North America, said spokesman David Graham by email.
The commitment was made during the $17.3 billion pension fund's board meeting on Wednesday.
According to PitchBook, Altaris VI is managed by Altaris Capital Partners.
The pension fund had previously invested $20 million in Altaris Health Partners V in February 2020.
The pension fund's private markets portfolio is valued at $1.47 billion, representing about 8.6% of the total portfolio, Mr. Graham added, while the current interim target for this asset class is 8.5%, and the long-term target is 10%.
The commitment to Altaris VI increased the total 2023 commitments to private markets to $195 million, leaving about $40 million left to commit for the year according to a plan adopted in December 2022, the spokesman noted.