The Ohio Police & Fire Pension Fund is planning to invest up to $750m (€670.6m) in real estate and infrastructure funds this year, according to the pension fund’s meeting document.
The $18.7bn pension’s real estate plan for 2022 involves investing up to $400m in a mixture of core and non-core fund strategies.
For non-core, Ohio Police & Fire expects to make a number of commitments ranging between $140m and $200m. For core real estae, the pension fund expects to issue a single commitment of between $100m and $200m.
Ohio Police & Fire said most of the capital set aside for real estate will be used to target residential and warehouse investment opportunities.
The pension fund plans to put up to $350m in real assets by mainly investing in infrastructure assets.
The plan involves making commitments between $120m and $200m in closed-ended infrastructure funds and putting up to $150m in open-ended funds.
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