Institution: Ohio Police & Fire Pension Fund
Headquarters: Columbus, United States
AUM: $18 billion
Allocation to alternatives: 25.6%
Ohio Police & Fire Pension Fund has agreed to commit $60 million to Ventas Life Science and Healthcare Real Estate Fund, a contact at the pension informed PERE.
Ventas Investment Manager has raised approximately $2.1 billion for the perpetual life vehicle, focusing investments in core and core-plus life-science, medical office and senior housing in North America regions. Ventas is both a sponsor and general partner of the fund.
The commitment to Ventas marks the second real estate commitment in 2021 for the US pension fund, totaling $104 million. The target commitment range set for real estate is between $160 million and $220 million for the current year.
Ohio P&F currently has a 12 percent target allocation to real estate. At present, the real estate portfolio is valued at $1.65 billion, equating to 9.2 percent of the total portfolio.
As illustrated below, the $18 billion pension’s recent fund commitments have targeted various North American real estate sectors and strategies.
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