Ohio Police & Fire Pension Fund is planning to invest up to $320m (鈧�290m) in infrastructure and non-core property funds, and will review its core open-ended real estate portfolio.
The investments in infrastructure will form part of the pension fund鈥檚 $482m real assets portfolio, which also includes agriculture and timber.
The $16.4bn pension fund said it intends to review and make some adjustments to the seven core open-ended real estate funds it is exposed to within its $1.77bn real estate portfolio.
The funds include the Core Property Fund, the Premier Property Fund, JP Morgan Strategic Property Fund and the Property Fund.
The rest are the Morgan Stanley Prime Property Fund, the Trumbull Property Fund and 鈥檚 PRISA fund.
Last year, 麻豆映画 Real Assets reported that Ohio Police & Fire was planning to redeem $100m from open-ended real estate funds to help reduce its exposure to the retail and redevelopment property sectors.
At the time, the pension fund said it will redeem $40m for the JP Morgan Strategic Property Fund, $25m from the Heitman America Real Estate Trust and $35m from the Eagle Real Estate Fund.
