Ohio Police & Fire Pension Fund, Columbus, committed up to $80 million to Brookfield Infrastructure Fund IV, spokesman David Graham said in an email.
The $15.5 billion pension fund's commitment to the infrastructure fund managed by Brookfield Asset Management is the pension fund's fourth commitment to infrastructure within its real assets portfolio, Mr. Graham said.
The pension fund has made two previous commitments to Brookfield funds: up to $50 million to Brookfield Premier Real Estate Partners, an open-end core-plus real estate fund, in 2016, and $25 million to Brookfield Brazil Timber Fund II in 2012.
The current allocation to real assets is 3%; the target is 8%.
Real assets consultant Townsend Group assisted.