Ohio Police & Fire Pension Fund, Columbus, made three new commitments totaling up to $120 million, spokesman Eric Eramo said in an email.
The $15.8 billion pension fund committed up to $50 million each to Black Creek Industrial Fund, a value-added real estate fund managed by Black Creek Group, and BlackRock Direct Lending Fund IX, a middle-market direct lending fund; and up to $20 million to Cortec Group Fund VII, a middle-market buyout fund.
The pension fund's actual allocations to real estate, private markets and private credit are 11.5%, 8.5% and 2.4%, respectively. Their respective targets are 12%, 8% and 5%.
