Ohio Police & Fire Pension Fund, Columbus, approved real assets and real estate commitment targets for 2023 totaling between $390 million and $565 million.
The $17.4 billion pension fund's board approved the targets at its meeting on Wednesday, spokesman David Graham said in an email.
The pension fund's real assets portfolio consists of agriculture, infrastructure and timber investments, and the board approved between $250 million and $350 million in new commitments by year-end.
Of that total, between $100 million and $200 million will be targeted to closed-end funds, while $150 million will be targeted to open-end funds.
The board also approved between $140 million and $215 million in new commitments to real estate funds by year-end.
The pension fund does not issue RFPs, but interested managers may contact Townsend Group, the pension fund's real assets and real estate consultant, Mr. Graham said.
The pension fund's actual allocations to real estate and real assets are 11.9% and 5.4%, respectively; their respective targets are 12% and 8%.