Ohio Police & Fire Pension Fund is investing in infrastructure and agriculture for the first time.
The pension fund told IPE Real Estate it had committed $100m to the IFM Global Infrastructure Fund and $50m to ACM Fund II.
In November last year, it was reported that Ohio Police & Fire had created a new 5% allocation to real assets.
The infrastructure fund, managed by IFM Investors, is open-ended and invests in core assets across Europe, North America and Australia.
Ohio Police & Fire said the fund invests in a combination of utilities, transportations systems, telecommunications and airports.
IFM Investors launched a new share class for the fund last year, introducing currency hedging and a new fee structure.
ACM Fund III, managed by Agricultural Capital Management, invests in blueberry, citrus and hazelnut farms in the US.
The fund attracted $50m from New Mexico State Investment Council last year.
