Ohio Police and Fire confirms $125m commitment

The Columbus-based public pension has backed KKR's core infrastructure vehicle.

Institution: Ohio Police & Fire Pension Fund
Headquarters: Columbus, US
AUM: $17.18 billion
Allocation to alternatives: 25.30%

Ohio Police & Fire Pension Fund has allocated a commitment of $125 million to KKR‘s latest open-ended Diversified Core Infrastructure Fund, a contact at the pension fund informed Infrastructure Investor.

The fund manager had recently closed its $3.9 billion Asia-Pacific focused infrastructure fund. As reported by Infrastructure Investor, KKR’s core fund has already secured its first European deal.

The US public pension currently has a target allocation of 8 percent for real assets, which currently stands at 3.4 percent. At present, Ohio Police & Fire’s infrastructure commitments are made out of its real assets portfolio.

As illustrated below, the $17.18 billion pension fund’s recent commitments have predominantly targeted global unlisted infrastructure equity across multiple sectors.

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