<p>Canada’s Manulife Asset Management has launched a US real estate fund, attracting capital from Ohio Police & Fire Pension Fund.</p>
<p>The open-ended, core-plus fund will be managed by Manulife Real Estate, a subsidiary that operates under the name of John Hancock Real Estate in the US.</p>
<p>Ohio Police & Fire confirmed to IPE Real Estate that it is committing $50m (€46.6m) to the fund, which has yet to make any acquisitions.</p>
<p>Manulife, which declined to comment, launched its first real estate funds platform in 2011, enabling third-party investors to invest in a Canadian real estate fund.</p>