Ohio Police and Fire commits 100 million dollars to Jadian fund

The Ohio Police and Fire Pension Fund committed up to 100 million dollars to the Jadian Evergreen Fund during its board meeting on September 30, Chief Investment Officer reported. The pension fund manages 22 billion dollars in assets and is headquartered in Columbus, Ohio. Chief Investment Officer noted that the pension fund is making the investment to bring its real estate holdings closer to its internal target allocation. [1]

The Jadian Evergreen Fund is an open-end core-plus fund that targets assets in industrial outdoor storage, land lease communities, and industrial research and development facilities, according to Chief Investment Officer. Jadian Capital L.P., the firm managing the fund, is an alternative investment company based in Stamford, Connecticut, that concentrates on real estate and private equity investments. [1]

In broader real estate market developments, Crowdfund Insider reported that real estate platform Mogul raised 15.5 million dollars in Series A funding led by Draper Associates at a pre-money valuation of 126 million dollars. Business Wire reported that SWBC launched its second private real estate fund aiming to raise 200 million dollars for multi-family properties. Pulse 2.0 reported that Anderson Real Estate completed a 550 million dollar refinancing for its Anderson Towers campus in Century City. [2][3][4]

As FTMQ Startups reported earlier, real estate firms with venture arms face growing regulatory oversight in the United States, such as the 200,000 dollar fine issued by the United States Treasury Department against Amidi Group for outbound investment violations. [8]