Ohio School Employees Approves Three Alts Commitments; Increases Real Assets & PE Target
Written by: John Washington, Data Research Analyst
The School Employees’ Retirement System of Ohio has approved three new alternative investment , according to the April 20 board meeting.
£25 million was allocated to the buyout fund, Bridgepoint Growth II, managed by Bridgepoint Advisers. In addition, £6.3 million was allocated to a side-car co-investment.
$75 million was committed to HPS VI, a direct lending strategy managed by HPS Investment Partners.
Lastly, $25 million was committed to real asset fund, IFC Core Farmland Fund, managed by International Farming Corporation.
The $17.3 billion Retirement System also increased their target allocation to real assets and private equity. Staff approved the following changes to the target asset allocation policy:
- Global Equity: 40% (-5%)
- Global Real Assets: 20% (+3%)
- Global Fixed Income: 18% (-1%)
- Global Private Equity: 14% (+2%)
- Global Private Credit: 5%
- Cash: 3% (+1%)
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