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Ohio Police and Fire approves $50m commitment

The US public pension has backed Black Creek Group's open-ended real estate vehicle.

Institution: Ohio Police and Fire Pension Fund
Headquarters: Columbus, United States
AUM: $15.75bn
Allocation to alternatives: 24.90%
Bitesize: $10-50m

Ohio Police and Fire Pension Fund has approved a commitment of up to $50 million to Black Creek Group’s open-ended Industrial Fund, a contact at the pension informed PERE.

The $15.75 billion US public pension has a 12.0 percent target allocation to real estate that currently stands at 11.50 percent.

As illustrated below, the pension fund has made five commitments to real estate funds with a vintage of 2017 or later, which combined constitute $260 million.

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