Ohio Police and Fire Pension Fund plans to invest up to $460m (€434.9m) in real estate and real assets in 2025.
The pension fund said it intends to place between $230m and $280m in non-core real estate investments in 2025 via funds.
Ohio Police and Fire told IPE Real Assets that it aims to keep its traditional core real estate exposure at the lower end of the allowable range for this sector.
The target will be on real estate sectors with strong long-term fundamentals, with a focus on potential price or distressed opportunities.
Some preferred property types include industrial facilities and data centres, with most of the capital likely to be concentrated on US-based assets.
The pension fund plans to allocate between $80m and $180m to its real assets portfolio, with a primary focus on infrastructure, while also considering opportunities in timber and agriculture.
The infrastructure investments will concentrate on sectors experiencing demand-driven growth, such as power-generation and digitisation, and may include some global opportunities.
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