Ohio Police & Fire Pension Fund, Columbus, plans to make an additional $175 million in commitments to timber in the coming months, confirmed spokesman David Graham.
The $11.8 billion pension fund created a 3% target allocation to timber in March 2010. The fund in January hired its first timberland managers — Forest Investment Associates and Hancock Timber Resource Group — to run $100 million each.
An RFI was issued to a shortlist of timber managers in August. Fund staff, general consultant Wilshire Associates and real estate consultant Townsend Group invited Brookfield Timberlands to make a presentation to the board at its June 27 meeting.