Key Takeaways
- • Ohio Police and Fire Pension Fund (OP&F) committed $75 million to Chicago Pacific Founders Healthcare Real Estate Fund IV, representing the fund's first major real estate investment of 2026.
- • Chicago Pacific Founders Healthcare Real Estate Fund IV is targeting $400 million in total equity and focuses on value-added and opportunistic investments in medical office buildings, senior housing, and medical infrastructure across the United States.
- • OP&F, managing $22.1 billion in total assets as of June 23, 2026, maintains a 12 percent real estate allocation target with $1.9 billion deployed across real estate assets as of December 31, 2025, positioning this commitment as consistent with the fund's strategic allocation.
- • The commitment reflects continued institutional investor confidence in healthcare real estate as a defensive, income-generating asset class amid broader portfolio diversification strategies among public pension funds.
Summary
The Ohio Police and Fire Pension Fund has committed $75 million to Chicago Pacific Founders Healthcare Real Estate Fund IV, a closed-end, value-added opportunistic investment vehicle targeting healthcare-focused real estate across the United States. The fund seeks to raise $400 million in equity and focuses on three primary asset classes: medical office buildings, senior housing, and medical infrastructure.
OP&F is a substantial institutional investor managing $22.1 billion in total assets as of June 23, 2026. The fund has established a 12 percent real estate allocation target and held $1.9 billion in total real estate assets as of December 31, 2025. This commitment to Chicago Pacific Founders Fund IV represents OP&F's first real estate investment of 2026 and aligns with the fund's broader portfolio strategy to maintain disciplined allocation to alternative real estate investments.
The investment reflects institutional appetite for healthcare real estate, a sector that has attracted significant capital flows from public pension funds seeking stable, inflation-protected cash flows and long-duration assets matching liability profiles. Medical office buildings and senior housing remain defensive real estate segments supported by demographic trends, including aging populations and sustained demand for healthcare services across the United States.
OP&F is a substantial institutional investor managing $22.1 billion in total assets as of June 23, 2026. The fund has established a 12 percent real estate allocation target and held $1.9 billion in total real estate assets as of December 31, 2025. This commitment to Chicago Pacific Founders Fund IV represents OP&F's first real estate investment of 2026 and aligns with the fund's broader portfolio strategy to maintain disciplined allocation to alternative real estate investments.
The investment reflects institutional appetite for healthcare real estate, a sector that has attracted significant capital flows from public pension funds seeking stable, inflation-protected cash flows and long-duration assets matching liability profiles. Medical office buildings and senior housing remain defensive real estate segments supported by demographic trends, including aging populations and sustained demand for healthcare services across the United States.
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