Key Takeaways
- • The Ohio Police and Fire Pension Fund (OP&F) committed $75 million to Chicago Pacific Founders Healthcare Real Estate Fund IV, a closed-end, value-added opportunistic vehicle targeting medical office buildings, senior housing, and medical infrastructure across the United States.
- • Chicago Pacific Founders Healthcare Real Estate Fund IV is raising a total of $400 million in equity, with OP&F's $75 million commitment representing roughly 19% of the target capitalization.
- • OP&F, managing $22.1 billion in total assets as of June 23, 2026, maintains a 12% real estate allocation target with $1.9 billion currently deployed in real estate assets as of December 31, 2025, positioning this commitment as a significant deployment within the fund's real estate strategy.
- • The investment represents OP&F's first major healthcare real estate allocation in 2026, signaling institutional demand for specialized real estate vehicles focused on aging demographics and medical infrastructure trends.
Summary
The Ohio Police and Fire Pension Fund has committed $75 million to Chicago Pacific Founders Healthcare Real Estate Fund IV, a closed-end opportunistic investment vehicle focused on medical office buildings, senior housing, and medical infrastructure across the United States. The fund is targeting $400 million in total equity capitalization, placing OP&F's commitment at approximately 19% of the raise.
OP&F, a public pension fund with $22.1 billion in total assets under management as of June 23, 2026, maintains a strategic 12% real estate allocation target. As of December 31, 2025, the fund held $1.9 billion in total real estate assets, indicating this $75 million commitment aligns with its broader real estate diversification strategy within a defined allocation envelope. The pension fund's participation in a healthcare-focused real estate vehicle reflects continued institutional appetite for specialized real estate sectors tied to demographic and structural healthcare demand drivers.
Chicago Pacific Founders' fourth healthcare fund represents a value-added, opportunistic approach to medical real estate, a subsector that has attracted significant capital flows from institutional investors seeking exposure to secular tailwinds including aging populations and medical infrastructure consolidation. OP&F's investment demonstrates how large public pension funds continue to deploy capital into specialized real estate funds managed by experienced sponsors targeting niche but economically defensible property categories.
OP&F, a public pension fund with $22.1 billion in total assets under management as of June 23, 2026, maintains a strategic 12% real estate allocation target. As of December 31, 2025, the fund held $1.9 billion in total real estate assets, indicating this $75 million commitment aligns with its broader real estate diversification strategy within a defined allocation envelope. The pension fund's participation in a healthcare-focused real estate vehicle reflects continued institutional appetite for specialized real estate sectors tied to demographic and structural healthcare demand drivers.
Chicago Pacific Founders' fourth healthcare fund represents a value-added, opportunistic approach to medical real estate, a subsector that has attracted significant capital flows from institutional investors seeking exposure to secular tailwinds including aging populations and medical infrastructure consolidation. OP&F's investment demonstrates how large public pension funds continue to deploy capital into specialized real estate funds managed by experienced sponsors targeting niche but economically defensible property categories.
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