Ohio Police & Fire unveils investment plans for the real estate and real asset classes

The $18.73 billion Ohio Police & Fire Pension Fund (OP&F) has approved 2022 plans for the real estate and real asset classes.

OP&F said it will target between $140 million and $200 million of new real estate commitments to the tactical portion of the portfolio. OP&F also anticipates a new commitment to the strategic portion of the portfolio.

The real asset plan will target $120 million to $200 million of new real assets commitments to closed-end funds, and up to $150 million in new open-end fund commitments, primarily in the infrastructure portion of the portfolio.

The plans were presented by The Townsend Group, the consultant for these asset classes.

According to Townsend, as of the third quarter of 2021, OP&F’s real estate portfolio recorded an 8.4 net percent return for the quarter and was valued at $1.75 billion as of Dec. 31. This represents 9 percent of the total portfolio. The pension fund has a 12  percent target allocation