Ohio PERS expected to invest $500m in vehicles before the end of 2017.: Ohio Public Employees Retirement System (PERS) only managed to invest close to a quarter of the $500m (€424m) it planned to put into closed-end real estate funds last year. The pension fund said in a board meeting document that it made a $123m commitment to the Lubert-Adler Real Estate Fund VII-B. It was the only closed-ended fund investment made by Ohio PERS in 2017.