Ohio Police & Fire Pension Fund has committed $50m (€43.3m) to the open-ended Lyme Forest Fund VI, marking its first-ever partnership with the Lyme Timber Company.
Fund VI invests in North American timberland, and Lyme Timber had secured $382m in capital as of July 2025, according to an SEC filing.
Lyme Timber Company declined a request for comment.
Ohio Police & Fire said the commitment to Fund VI was made through its $1.4bn real assets portfolio, which represents 6.3% of the pension fund’s total investment portfolio.
The commitment to Fund VI represents the pension fund’s first real assets investment in 2026. The pension fund’s 2026 real assets investment plan targets a range of $125m to $175m, with a primary focus on infrastructure.
The pension fund has set a 7.3% interim target and an 8% long-term target allocation for the real assets portfolio, which also invests in timber, infrastructure and agriculture.
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