Ohio Police & Fire Pension Fund, Columbus, committed up to $60 million to AEW Partners Real Estate Fund IX.
The $14.8 billion pension fund's board approved the commitment to the opportunistic value-added real estate fund managed by AEW Capital Management at its meeting Wednesday, spokesman David Graham said in an email.
The pension fund previously committed up to $50 million to AEW Partners VII in 2014.
The pension fund's actual allocation to real estate is 11.4%; the target is 12%.
