The $15.1 billion Ohio Police & Fire Pension Fund has committed up to $80 million to the Meridiam Infrastructure North American III Fund, according to David Graham, communications manager.
Meridiam Infrastructure North American III Fund is a global infrastructure fund managed by Meridiam Infrastructure Managers. The fund’s primary strategy is to focus on new greenfield public-private partnership opportunities located predominately in the United States and Canada. The fund will primarily target projects in the transportation, social and environmental sectors.
The fund recently received a $50 million commitment from the $13.3 billion Maine Public Employees Retirement System as well.
This is the second infrastructure investment for OP&F following a commitment of up to $140 million to the IFM Global Infrastructure Fund in May. Infrastructure investments are a part of OP&F’s real assets allocation, which was established last year.
In other news, OP&F adopted a new long-term asset allocation policy. In the policy, OP&F’s real assets allocation will increase from 5 percent to 8 percent.