Ohio Police & Fire Pension Fund, Columbus, made three new commitments totaling up to $225 million, said David Graham, pension fund spokesman, in an email.
The $15.2 billion pension fund committed $125 million to Axium Infrastructure U.S. Fund, which targets North American opportunities in energy, social infrastructure and transportation assets.
The commitment falls under real assets, for which the pension fund has an allocation of 1.8% with a long-term target of 8%. The asset class also includes timber and agriculture investments.
The pension fund also committed up to $50 million to ArrowMark Global Opportunity Fund II, a private credit fund managed by ArrowMark Partners.
The pension fund's private credit asset class has a long-term target of 5% and a current allocation of 1.9%.
Also, the pension fund committed up to $50 million to Cortland Partners Growth and Income Fund, a real estate fund that focuses on southeastern U.S. multifamily properties.
The pension fund's real estate asset class has a long-term target is 12% and the actual allocation is 10.5%.