Ohio Police & Fire slates $91 million for real estate, private equity

Ohio Police & Fire Pension Fund, Columbus, made two new commitments totaling up to $91 million, spokesman David Graham said in an email.

The $16.2 billion pension fund committed up to $60 million to real estate fund Almanac Realty Securities VIII. It is a first-time commitment for the pension fund to a fund managed by Almanac Realty Investors. The pension fund has a target of $115 million to $165 million in new real estate commitments in 2018.

As of Dec. 31, the pension fund's real estate allocation was 10.9%. The target is 12%.

Real estate consultant Townsend Group assisted.

The pension fund also committed up to €25 million ($31 million) to EQT VIII, a buyout fund that focuses on the Nordic region and Austria, Germany and Switzerland. The pension fund committed up to €38 million to EQT VII in 2015.

As of Dec. 31, the private markets allocation was 6.7%. The target is 8%, which the pension fund intends to reach with a total of $180 million in new commitments in 2018.

Private markets consultant TorreyCove Capital Partners assisted.

The pension fund does not issue RFPs.