Ohio Police & Fire Pension Fund has made a $125m (€112.8m) commitment to Blackstone Infrastructure Partners, marking its first infrastructure investment of 2024.
This commitment is part of the pension fund’s $265m pacing plan for real assets in 2024, with the majority allocated to infrastructure.
Blackstone Infrastructure Partners, which mainly invests in North America with additional exposure to European infrastructure sectors, had $50bn in assets under management, according to Blackstone’s second-quarter 2024 earnings report. The fund has generated a net return of 16% since its inception.
Ohio Police & Fire said it also made an opportunistic real estate investment by committing $75m to WPC New Cold III, a fund specialised in owning and operating temperature-controlled storage facilities across the US, Europe, and the Asia-Pacific region.
The pension fund’s recent real estate commitment brings its total new commitments for the 2024 calendar year to $300m, surpassing the $275m real estate pacing plan for the period.
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