Ohio Police & Fire Pension Fund, Columbus, committed $50 million to Brookfield Timberlands Fund V and $35 million to private equity fund Advent International GPE VIII, confirmed spokesman David Graham.
The Brookfield commitment is the $11.7 billion pension fund's third to timber; it created a 3% target allocation to the asset class in March 2010.
The pension fund in January hired its first timberland managers — Forest Investment Associates and Hancock Timber Resource Group — to run $100 million each.
General consultant Wilshire Associates and real estate consultant Townsend Group assisted.
