OP&F confirms $60m commitment

The US public pension has backed Waterton's 14th series value-add vehicle.

Institution: Ohio Police & Fire Pension Fund
Headquarters: Columbus, United States
AUM: $14.54bn
Allocation to alternatives: 24.30%
Bitesize: $50-100m

Ohio Police & Fire Pension Fund approved a $60 million commitment to Waterton Residential Property Venture XIV at its April 2020 investment committee meeting, a contact at the pension confirmed to PERE.

The $14.54 billion US public pension has a 12.0 percent target allocation to real estate that currently stands at 10.30 percent.

As illustrated below, OP&F’s previous four real estate commitments have comprised of two value-add funds, with one vehicle each pursuing core-plus and debt investment strategies.

Platinum subscribers may click here for the investor’s full profile, including key contacts, allocation strategy and fund investments.