School Employees Retirement System of Ohio’s (Ohio SERS) real assets investment plan in fiscal 2022 includes a plan to seek non-traditional office property investments and infrastructure co-investment opportunities.
For the fiscal 2022 year which started in July, Ohio SERS is planning to hire speciality managers to target demographic-driven real estate investments such as data centres, life science and medical office buildings as it believes these have higher rent growth prospects.
For infrastructure, Ohio SERS is planning to consider co-investment opportunities with existing infrastructure managers. Other infrastructure investment plans being considered will include secondaries and co-investment fund strategies.
The $17.3bn (€14.6bn) pension fund’s global real assets portfolio is made up of a majority of real estate investments and some infrastructure investments.
At the end of fiscal 2021, real assets accounted for 16% of the pension fund’s portfolio, compared with a 17% allocation target. The permissible range for real assets on a long-term basis is 14% to 20%.
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