Ohio Pension Fund Invests $50M in Distressed Debt
- The Ohio Police & Fire Pension Fund, managing $19 billion, approved a $50 million commitment to Strategic Value Special Situations Fund VI during its April 30 board meeting.
- Strategic Value Partners manages the fund, which focuses on distressed debt investment and special situations within stable, cash-flow-positive core industries.
- The Connecticut Retirement Plans and Trust Funds allocated $250 million to the same fund in April.
The Ohio Police & Fire Pension Fund strategically invested $50 million in a distressed debt strategy, signaling a proactive move in its investment portfolio. This notable commitment, approved during their April 30 board meeting, targets stable, cash-flow-positive core industries with a focus on North America and Europe, enhancing the fund’s exposure to the private credit market. Strategic Value Partners manages the fund, emphasizing special situations investments. This investment mirrors similar strategic moves by other major pension funds,including the Connecticut Retirement Plans and Trust Funds. With this allocation, the Columbus-based fund edges closer to its 4% target for private credit investments. For more insights into pension fund strategies, visit News Directory 3. Discover what’s next for this evolving financial landscape.
Ohio Police & Fire Pension fund Commits $50M to Distressed Debt Strategy
Updated June 18, 2025
The Ohio Police & Fire Pension Fund, managing $19 billion, approved a $50 million commitment to Strategic Value Special Situations Fund VI during its April 30 board meeting. Aksia recommended the investment.
Strategic Value Partners manages the fund, which focuses on distressed debt investment and special situations within stable, cash-flow-positive core industries. The fund primarily targets opportunities in North America and Europe.
Other pension funds have made similar moves this year. The Connecticut Retirement Plans and Trust Funds allocated $250 million to the same fund in April. Also in April, the ohio School Employees Retirement System committed $75 million.
The Columbus-based pension fund has more than $630 million invested in private credit. This brings them closer to their 4% target allocation for the asset class. Meeting documents also show a 7.6% allocation to private markets, against a target of 8.5%.