The Ohio Public Employees Retirement System’s Defined Benefit Fund (DB Fund) generated an 11.1 percent return during 2023, outperforming its 6.9 percent benchmark.
As of Dec. 29, 2023, 12.8 percent of OPERS’s $98.8 billion DB Fund was allocated toward real estate. Meeting documents discussing the real estate market in 2024 state that NEPC, OPERS’s investment consultant, “believes that debt and opportunistic strategies can capitalize on this market dislocation [within the real estate sector] by providing rescue capital and/or pursuing distressed opportunities.”
Meanwhile, in infrastructure, meeting documents noted that “demand for digital and communications infrastructure remains strong, supported by carriers and network operators, typically with strong credit profiles.”
The documents also highlighted the demand growth fueled by the dispersion of new technologies such as 5G and cloud services, as well as by demographic trends such as growing populat
