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Alternative Assets  + Private Debt  | 
Ohio Police & Fire Pension Fund Commits $50M to Distressed Debt Strategy 

Ohio Police & Fire Pension Fund Commits $50M to Distressed Debt Strategy 

The $19 billion Ohio Police & Fire Pension Fund approved a $50 million commitment to Strategic Value Special Situations Fund VI at its April 30, 2025, board meeting, following a recommendation from Aksia. Managed by Strategic Value Partners, the fund focuses on distressed and special situations investments in core industries with stable cash flows, primarily in North America and Europe. 

This follows similar moves by other pensions in 2025. The Connecticut Retirement Plans and Trust Funds allocated $250 million to the same fund, while the Ohio School Employees Retirement System committed $75 million in April. 

The Columbus-based pension fund currently has over $630 million invested in private credit, approaching its 4% target allocation for the asset class. Additionally, it maintains a 7.6% allocation to private markets against an 8.5% target, per recent meeting documents.  

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Ohio Police & Fire Pension Fund

About Joe Palmisano

Joe Palmisano is Editorial Director for Connect Money, where he brings nearly three decades experience of market insights as a financial journalist, analyst and senior portfolio manager for leading financial publications, advisory firms, and hedge funds. In his role as Editorial Director, Joe is responsible for the selection of content and creation of daily business news covering the financial markets, including Alternative Assets, Direct Investment and Financial Advisory services. Before joining Connect Money, Joe was a financial journalist for the Wall Street Journal, regularly publishing feature stories and trend pieces on the foreign exchange, global fixed income and equity markets. Joe parlayed his experience as a financial journalist into roles as a Senior Research Analyst and Portfolio Manager, writing daily and weekly market analysis and managing a FX and US equity portfolio. Joe was also a contributing writer for industry magazines and publications, including SFO Magazine and the CMT Association. Joe earned a B.S.B.A. in Finance from The American University. He holds the Chartered Market Technician (CMT) designation and is a member of the CFA Institute.

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