Ohio Police & Fire Pension Fund, Columbus, is investing $20 million in Blackstone Real Estate Partners VI, said spokeswoman Amy Hite. The follow-on investment was recommended by The Townsend Group, the funds real estate consultant; the $11.9 billion fund committed $25 million to Blackstone Real Estate Partners V last year. Funding will come from equities, although no managers will be terminated, Ms. Hite said.
Separately, the board will interview three firms in its search for a real estate independent fiduciary, according to the agenda for the March 26 meeting. They are: Robert A. Stranger & Co., Real Estate Fiduciary Services and Duff & Phelps. An RFP was issued in January. The Townsend Group is assisting.