Ohio PERS approves $400m in commitments

The US public pension has backed two secondaries funds.

Ohio Public Employees Retirement System has committed $200 million each to Landmark Real Estate Partners VIII and Landmark Real Estate Partners VIII Co-Investment Fund.

Investment activity in the separate account channel fell short of the investment plan; $1.28 billion was allocated for new and follow-on investments but only $566 million was called. OPERS made no additional commitments in the open-ended channel in 2017.

The $83.7 billion US public pension has a 10 percent target allocation to private real estate that currently stands at 8.5 percent.

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