School Employees Retirement System (SERS) of Ohio has approved $112.6m (€96.2m) worth of real estate and infrastructure commitments to strategies managed by Carmel Partners, Blackstone and IFM Investors.
The pension fund said it has committed $75m to the Carmel Partners Fund IX, a non-core US real estate fund.
According to an SEC filing, Carmel Partners had secured $691.8m as of April 2025 for the fund series, which typically focuses on either the acquisition of existing multifamily assets or the financing of new development projects.
Carmel Partners did not respond to a request for comment.
Ohio SERS said it committed $25m to Blackstone SPE VIII Corebridge Co-Invest, a secondary vehicle focused on the acquisition of multiple Corebridge real estate funds.
According to the pension fund, the investment targets a diversified portfolio of US property types and will be made alongside the Blackstone Strategic Partners Real Estate Fund VIII.
Blackstone declined a request for comment.
Ohio SERS approved a CHF10m (€11m) commitment to the IFM Green Group Data Center co-investment, which invests alongside the IFM Global Infrastructure Fund.
The pension fund said it expects the capital to be initially deployed into Swiss data centres, with the potential for future expansion into other European markets.
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