OP&F confirms $60m commitment to AEW Real Estate Fund IX

The US public pension has backed AEW's ninth series value-add vehicle.

Institution: Ohio Police & Fire Pension Fund
Headquarters: Columbus, United States
AUM: $14.77 billion
Allocation to alternatives: 29.20%
Bitesize: $50-100m

Ohio Police & Fire Pension Fund approved a $60 million commitment to AEW Real Estate Fund IX at its May 2020 board meeting, a contact at the pension informed PERE.

OP&F is intending to commit between $110 and $160 million to real estate vehicles across 2020, according to its investment pacing plan for the calendar year. Following April’s $60 million commitment to Waterton Residential Property Venture XIV, OP&F has now made $120 million-worth of real estate commitments this year.

The $14.77 billion US public pension has a 12.0 percent target allocation to real estate that currently stands at 12.10 percent.

As illustrated below, OP&F tends to focus its fund commitments on value-add vehicles targeting the residential and industrial property sectors.

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