By Muskan Arora
With new year comes new goals for the $18.9bn Ohio Police
& Fire Pension Fund, that has mapped its real estate, real assets and
private markets moves for 2025.
After committing $300m to its real estate sleeve this year, the
pension plan has earmarked a range of $230m to $280m as its pacing for the
coming year.
Consultant Townsend with staff will focus on sectors with attractive long-term
fundamentals, while conscious of price, or distressed pricing opportunities
with attention to quality, as disclosed at the December 4 meeting.
The system
allocates $1.8bn or 9.7% to its RE portfolio against a target of 12%, as of
October 31.
For its
real assets, the system has disclosed pacing between $80m to $180m for 2025,
after committing $205m in 2024.
The system
will be targeting investments in infrastructure, however, will continue evaluating
“tactical opportunities in both timberland and agriculture.”
OP&F’s
real assets portfolio is valued at $1.2 billion as of Oct. 31, 2024, or 6.2% of
the total portfolio. The target for real assets is 8.0 percent.
Earlier
in November, the system made a commitment of $80m Grain
Communications Fund IV, a non-core, closed-end digital infrastructure fund.
The 2025 pacing
plan for private markets ranges between $195m to $225m, after making $145m worth
allocations in 2024.
The system
allocates 7.7% or $1.4bn to its private markets portfolio against an interim
target of 8.5%, as of October 31. The long-term target is 10%.
