The $18.68 billion Ohio Police & Fire Pension Fund (OP&F) has approved a commitment of up to $125 million to Blackstone Infrastructure Partners as a part of the OP&F Real Assets portfolio.
Blackstone Infrastructure Partners is a core-plus, open-end fund with a focus primarily on North America. The fund will invest in opportunities in the energy transition, transportation infrastructure and digital infrastructure sectors. The investment vehicle is currently at a size of $33.9 billion, according to PitchBook.
This represents OP&F’s first real assets commitment of 2024. The real assets portfolio is valued at $1.13 billion, or 6.1 percent of the total portfolio. The interim target allocation for real assets is 6.7 percent.