FUNDRAISING NEWS | January 09, 2025
The Ohio Police and Fire Pension is mulling up to $685M in combined investments for its real estate, real assets, and private markets portfolios in 2025.
Materials related to a board meeting held in December 2024 showed that the pension’s real estate consultant Townsend recommended a commitment range of $230M to $280M to non-core real estate investments, with focus on sectors with stronger fundamentals or distressed pricing and prioritizing discounted secondaries while maintaining an exposure of nearly 30% to core investments. In real assets, Townsend recommended allocating $80 to $180M for the year tilted toward infrastructure. Ohio P&F targets a 12% and 8% allocation to real estate and real assets, respectively.
Meanwhile, the investment committee and general consultant Wilshire recommended a $195M to $225M target in new private equity commitments to maintain its 10% long-term benchmark and allowing for “vintage-year diversification.” As of October 31, 2024, the policy carries a 7.65% weight.
The Ohio-based pension currently holds a portfolio of approximately $18.9B, as of December 2024.
