Commitment to fund part of efforts to increase industrial exposure, according to investor. : The $32.4bn (€28.5bn) JP Morgan Strategic Property Fund (SPF) has become the first Open End Diversified Core Equity (ODCE) fund to invest directly in another commingled fund. The largest open-ended core property fund in the US is committing capital to a fund managed by Black Creek Group, as part of a partnership announced last week. Black Creek said it had formed a $400m partnership where institutional investors advised by JP Morgan would commit capital to various industrial real estate strategies.