Ohio Police & Fire books up to $80 million for private equity, real estate
Ohio Police & Fire books up to $80 million for private equity, real estate
The $18 billion pension fund s board on Wednesday approved commitments of up to $60 million to open-end core real estate fund
Ventas Life Science and Healthcare Real Estate Fund, and up to $20 million to lower- and middle-market buyout fund
Primus Capital Fund IX, said David Graham, pension fund spokesman, in an email.
Ventas is a new manager for the pension fund. OP&F has made commitments to every previous Primus fund, most recently committing $25 million to Primus Capital Fund VIII in 2017.
Jacksonville Police & Fire commits $100 million to private credit fund
Jacksonville (Fla.) Police & Fire Pension Fund committed $100 million to Ares Pathfinder Core Fund.
The $2.3 billion pension fund s board approved the commitment to the evergreen private credit fund managed by
Ares Management at its May 21 meeting, said a summary of the meeting posted on the pension fund s website.
It is the pension fund s first private credit commitment since creating a new target of 8% to the asset class in November following an asset allocation study conducted by investment consultant RVK.
The pension fund also created a target of 5% to non-core real estate at the time and eliminated targets of 10% and 3%, respectively, to private equity and master limited partnerships.
Scott Israel, ousted as Broward sheriff's after the Parkland school shooting, will earn $65,000 a year reviewing the footage of red light cameras in Davie.