OP&F outlines real estate, real assets investment plans

Ohio Police & Fire Pension Fund detailed its real estate and real assets pacing plan for 2024.

Institution: Ohio Police & Fire Pension Fund
Headquarters: Columbus, United States
AUM: $17.43 billion
Allocation to real estate: 10.6%

The Ohio Police & Fire Pension Fund has outlined plans to invest up to $540 million in real estate and real assets funds in 2024, according to its latest meeting document.

With a total fund value of $17.43 billion, the pension fund aims to allocate $225 million-$275 million to its real estate portfolio and $165 million-$265 million to real assets, specifically targeting infrastructure investments.

The pension fund previously set its 2023 real estate investments at $140 million-$215 million and real assets at $250 million-$350 million.

For 2024, the fund prioritizes investments in its tactical or non-core real estate portfolio, emphasizing potentially higher returns through opportunistic investments outside of the core strategy.

As of December 31, 2023, OP&F has a real estate allocation of 10.6 percent of its total portfolio, valued at $1.87 billion, and a target of 12 percent. Meanwhile, the real assets portfolio, valued at $1.05 billion or 5.95 percent of the total portfolio, is aimed for a long-term target of 8 percent.

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