Ohio Police & Fire Pension Fund has increased its investment in the IFM Global Infrastructure Fund after raising its infrastructure allocation.
The pension fund confirmed to IPE Real Estate that it is investing an additional $60m (€50.8m) in the open-ended fund, which is managed by IFM Investors, after approving an initial $100m commitment earlier this year.
The pension fund is increasing the size of the stake in the fund to reflect the results of an asset allocation study that recommended increasing the real assets allocation from 5% to 8%.
The original commitment to the IFM Investors fund was the first infrastructure investment for Ohio Police & Fire after establishing a real assets allocation for the first time last year.
The pension fund also has an $80m commitment to Meridiam North America Infrastructure III, a fund for which Meridiam is seeking to raise $900m.