Ohio BWC reveals 2024 pacing plan

Columbus-based pension is overallocated to real estate but will continue to commit to value-add vehicles in 2024.

Institution: Ohio Bureau of Workers’ Compensation
Headquarters: Columbus, US
AUM: $21.11 billion
Allocation to real estate: 18%

Ohio Bureau of Workers’ Compensation revealed its 2024 private real estate pacing plan during its recent investment committee meeting.

Currently the US pension fund is overallocated at 18 percent to private real estate compared to its 15 percent target. To manage its private real estate portfolio, Ohio BWC aims to make commitments to closed-end value-add funds at an even pace to maintain vintage year diversification. Ohio Bureau of Workers’ Compensation will aim to make two or three commitments a year in the range of $35 million-$75 million.

The $21 billion pension’s recent fund commitments have tended to be in value-add real estate funds in the North American region.

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