Ohio Police & Fire Pension Fund, Columbus, approved new commitments totaling up to $120 million.
The $17 billion pension fund's investment committee approved commitments of up to $80 million to Brookfield Infrastructure Fund V, an infrastructure fund managed by Brookfield Asset Management, and up to $40 million to TA XV, a middle-market growth equity fund managed by TA Associates, at its meetings Tuesday and Wednesday, spokesman David Graham said in an email.
The pension fund previously committed up to $80 million to Brookfield Infrastructure Fund IV in 2019 and up to $25 million to TA XIV in 2021.
The pension fund's current actual allocations to private markets and infrastructure are 8.4% and 5.6%, respectively; their respective long-term targets are 10% and 8%.
