Ohio Police & Fire to target infrastructure and non-core real estate

Ohio Police & Fire Pension Fund will favour infrastructure and non-core US real estate as it looks to invest close to $300m (€264m) in real assets this year.

According to the pension fund’s pacing plan, it will invest as much $170m in real estate in 2019, focusing on tactical and non-core strategies.

A spokesperson told IPE Real Assets that the pension fund is satisfied with its current exposure to core real estate.

Ohio Police & Fire is likely to make three commitments, each between $50m and $75m, to real estate funds this year.

The pension fund is close to its 12% target allocation to real estate, with the $1.72bn invested in the asset class representing 11.28% of its total assets.

By contrast, it is significantly below its 8% target allocation to real assets, which excludes real estate but includes infrastructure, timber and agriculture, at 2.5%.

Ohio Police & Fire plans to invest $120m in closed-ended funds in 2019 to increase its $379m real assets portfolio.

But it will focus predominantly on infrastructure, while also considering agriculture but avoiding timber investments altogether.

It has also allocataed $175m to be invested in open-ended funds over the coming years.

Related images

  • Columbus, Ohio

Have your say

You must sign in to make a comment


Your first step in manager selection...

IPE Quest is a manager search facility that connects institutional investors and asset managers.

  • QN-2546

    Asset class: Real Estate Equity Fund (non listed).
    Asset region: Europe.
    Size: Total CHF 600m, approx. CHF 100-300m per fund investment.
    Closing date: 2019-06-28.

Begin Your Search Now