Ohio Police & Fire Pension Fund (OP&F) has become a limited partner in the Chicago Pacific Founders Healthcare Real Estate Fund IV with a total commitment of $75m (€64.4m), according to information provided by the pension fund.
The pension fund has committed $50m directly to the fund and $25m to a no-fee sidecar fund for co-investments.
It represents the OP&F’s first real estate commitment issued in 2026, following the setting of a pacing plan to invest $200m to $300m in real estate over the year.
OP&F is substantially below its real estate allocation target of 12% with a $1.96bn portfolio representing 8.8% of total assets.
OP&F has placed the commitment into the opportunistic section of its real estate portfolio.
It is the first time the pension fund has hired Chicago Pacific Founders for its real estate portfolio.
Chicago Pacific Founders Healthcare Real Estate Fund IV invests in US medical office and senior housing and has a capital raising target of $400m, according to sources familiar with the matter.
Kansas Public Employees Retirement System is also an investor in the fund.
