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Ohio pension fund to invest up to $165M in real estate in 2018

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Ohio pension fund to invest up to $165M in real estate in 2018

The Ohio Police and Fire Pension Fund plans to earmark up to $485 million for new real asset investments in 2018, investing up to $165 million in real estate, IPE Real Assets reported.

The fund's $1.7 billion real estate portfolio is already weighted to core investments, so it will target noncore or tactical real estate assets, with commitments of between $50 million and $70 million to various funds. Its target allocations for real assets and real estate are 8% and 12%, respectively.

The pension fund told the publication that it will invest up to $320 million in infrastructure, with up to $160 million in core real assets and up to $160 million in noncore real assets, as advised by The Townsend Group.