Ohio Police & Fire Pension Fund has made a $100m (€88.6m) commitment to the Jadian Evergreen Fund, marking its first manager partnership with Jadian Capital.
The newly established open-ended US fund targets a core plus real estate strategy, focusing on property types including industrial outdoor storage land lease communities and industrial research and development facilities.
The allocation comes as the pension fund remains underweight to real estate, with its $1.96bn exposure representing 8.65% of total plan assets against a 12% target allocation.
To read the latest IPE Real Assets magazine click here.
