Ohio Police and Fire Pension Fund approves $175m commitment

The US public pension has decided to support a real estate and infrastructure focused funds.

Ohio Police and Fire Pension Fund has approved the recommendations from the Investment Committee to commit up to $125 million to Axium Infrastructure US Fund, which is a diversified fund targeting North America opportunities with a focus on energy, transportation and social infrastructure assets. The pension fund has also committed $50 million to Cortland Partners Growth and Income Fund, which will primarily focus on multi-family properties in US growth markets, specifically in the southeast.

The $15.22 billion US public pension has a 12 percent target allocation to private equity real estate that currently stands at 10.5 percent and an 8 percent target allocation to private equity that currently stands at 1.8 percent.

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