
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.
