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Ohio Police & Fire Pension Fund
Ohio Police & Fire Pension Fund (OP&F) was created by the Ohio General Assembly in 1965 and began operating on January 1, 1967, replacing 454 separate local...
Ohio Police & Fire Pension Fund
Ohio Police & Fire Pension Fund (OP&F) was created by the Ohio General Assembly in 1965 and began operating on January 1, 1967, replacing 454 separate local police and firemen's relief and pension funds across the state. Today it serves more than 28,000 active police officers and firefighters, along with over 18,000 retired members and nearly 8,000 beneficiaries. OP&F deploys capital across private equity, private credit, real estate, real assets, and commodities, with a notable dedicated allocation to gold and midstream energy infrastructure. The real estate portfolio spans industrial, commercial, and mixed-use assets through fund commitments and direct holdings. Confirmed positions include interests in Prologis Targeted U.S. Logistics, Blackstone Property Partners, Blue Owl Real Estate Fund VII, and LaSalle Property Fund LP. The fund invests globally, with a concentration in United States and Canadian properties, while private markets and real assets portfolios extend to international exposure. The investment program is led by Chief Investment Officer Ted Hall, with governance provided by a Board of Trustees that includes representation from police and fire departments as well as appointed investment experts. Board members include Chair Brian Steel of Columbus Police, Vice Chair Stephen Corvi of Columbus Fire, and investment experts J. David Heller, CEO of The NRP Group, and Charles O. Moore, CEO of Riverside Bank of Dublin. OP&F participates in industry networks including the Institutional Limited Partners Association and the Pension Real Estate Association. In 2025, the fund reported that an independent consultant ranked its performance in the first percentile among peer pension funds. Unlike many public pensions that outsource their entire investment function to a central state investment board, OP&F maintains an internal investment office with direct decision-making authority over asset allocation and manager selection. The fund also operates the Ohio Police and Fire Memorial Park and the OP&F Charity Champions program, maintaining a direct community presence tied to the first responders it serves.
General information
Firm type
Pension Fund
Year founded
1965
AUM
$22.2B
Location
Region
North America
Country
United States
City
Columbus
Corporate office
140 East Town Street, Columbus, OH 43215, United States
Principals
Ted Hall
Chief Investment Officer
Mary Beth Foley
Executive Director
Brian Steel
Board Chair
Stephen Corvi
Vice Chair
J. David Heller
Investment Expert Member
Charles O. Moore
Investment Expert Member
Sector focus
Frequently asked questions
Who runs investment decisions at Ohio Police & Fire Pension Fund?
Chief Investment Officer Ted Hall leads investment execution. The Board of Trustees sets asset allocation targets and reviews manager selections. External consultants Wilshire Associates, The Townsend Group and Aksia provide advice on public markets, real estate and private markets respectively.
Does Ohio Police & Fire Pension Fund participate in fund commitments or only direct deals?
The fund commits to commingled vehicles across private equity, real estate and infrastructure. Holdings include limited partner interests in Clearlake Capital Partners VIII, Spark Capital VIII and Meridiam Infrastructure North America Fund IV. Direct real estate exposure occurs through open-end funds rather than wholly owned assets.
What investment stages does Ohio Police & Fire Pension Fund typically target?
Private equity commitments cover buyout, growth and venture strategies. Real estate allocations focus on core and value-add funds. Infrastructure exposure includes both brownfield and development-stage projects in North America and Europe.
How is Ohio Police & Fire Pension Fund related to the Ohio Police and Fire Memorial Park?
The fund established the Ohio Police and Fire Memorial Park as a separate tax-exempt nonprofit in 2004. The park maintains a sculpture and honors line-of-duty deaths. The fund also runs an employee-led charity program that donates to first-responder causes.
Where does the underlying wealth come from?
Contributions come from Ohio police and fire employers and employees under state statute. Investment returns supplement contributions to fund benefit payments. No single family or corporate sponsor exists.
Does Ohio Police & Fire Pension Fund maintain philanthropic structures, and how are they separated?
The Ohio Police and Fire Memorial Park operates as an independent 501(c)(3). An internal Charity Champions program channels employee donations to external first-responder nonprofits. Both entities maintain separate governance and financial reporting from the pension fund.
What is Ohio Police & Fire Pension Fund's known posture on co-investments alongside external GPs?
The fund holds limited partner positions in multiple private equity and infrastructure funds. No direct co-investment program is disclosed in current records. Allocations remain primarily through fund vehicles advised by external managers.
Profile maintained by Altss using OSINT (open-source intelligence), regulatory filings, licensed data partners, and verified direct submissions. Read the methodology. Last updated: . Continuous refresh with full update cycles at least every 30 days.
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