The Ohio Police & Fire Pension Fund intends to invest up to $540m (€498.3m) in real estate and real assets funds in 2024, according to the pension fund’s latest meeting document.
The $17bn pension fund plans to invest between $225m and $275m in mainly US real estate and between $165m and $265m in real assets to mainly target infrastructure investment opportunities.
In 2023, Ohio Police & Fire Pension set its real estate investments at between $140m and $215m and real assets at $250m to $350m.
Ohio Police & Fire Pension is prioritising investments in its tactical or non-core real estate portfolio for 2024, aiming for potentially higher returns. This approach focuses on opportunistic investments outside the core, stable holdings.
However, the pension fund told IPE Real Assets that it has not ruled out some core investments if attractive opportunities arise during the year.
Details of the pension fund’s infrastructure strategy and geographic scope were undisclosed.
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