By Muskan Arora
The $18.78bn Ohio Police & Fire Pension Fund made an
allocation of up to $80m within its infrastructure sleeve.
To strengthen its $1.15bn real assets portfolio, Ohio
P&F committed to Grain
Communications Fund IV, a non- core, closed-end digital infrastructure fund.
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Digital
infrastructure includes towers, data centers, fiber roll outs and managed
sources, as confirmed by spokesperson David Graham.
The fund
will primarily target North America opportunities with a slight exposure
towards Western Europe.
The system
allocates 6% to its real assets portfolio against a target of 8%, as of October
2024.
As per STL
Partners, over the years, the growth in digital infrastructure will
be led by demand, data sovereignty, latency and government policy.
“The data center market is growing at a rapid pace globally
– analysts estimate between 5-20% compound annual growth from 2020-2030,” stated
the research.
Earlier
this year, the $520.12bn California Public Employees Retirement System
allocated $200m to the digital infrastructure fund alongside the $1bn Virginia-based
Newport News Retirement System committing $10m to the fund.
