The $15.22 billion Ohio Police & Fire Pension Fund has committed up to $125 million to Axium Infrastructure U.S. Fund, according to David Graham, communications director for the pension fund.
Axium is a new manager for OP&F’s real assets portfolio. The vehicle is a diversified fund targeting North America opportunities with a focus on energy, transportation and social infrastructure assets.
OP&F’s real assets portfolio is currently valued at $283 million, or 1.8 percent of the total portfolio. OP&F’s real assets portfolio includes timber, infrastructure and agriculture investments. The pension fund’s long-term target for its real assets portfolio is 8 percent of the total portfolio.
