School Employees Retirement System of Ohio (Ohio SERS) expects to limit its real assets investments this year to help maintain the portfolio’s allocation target.
The pension fund, which has no new real estate commitments planned in 2023, told IPE Real Assets that it will selectively look at investing some capital into infrastructure.
The pension fund’s real assets portfolio comprises $2.7bn (€2.5bn) of real estate and $996.8bn of infrastructure assets.
The real assets portfolio makes up 21.8% of the pension fund’s total plan assets. Ohio SERS has the upper limit of its real asset allocation target set at 22%.
If investments would be made this year, Ohio SERS would consider growing its infrastructure co-investment programme and explore listed infrastructure strategies.
Ohio SERS said it is also exploring the possibility of making standalone allocations for both infrastructure and real estate to help improve portfolio monitoring and return attribution.
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