Ohio SERS Commits $340M to Real Estate, Equities
Written by: Jane Bailey, Marketing Associate
The School Employees’ Retirement System of Ohio has approved four commitments totalling $340 million according to notes from their December 21st board meeting.
In real estate, $40 million was allocated to Blackstone Strategic Real Estate Partners VIII.
In emerging markets equities, $100 million was allocated to Lazard EM Advantage.
In U.S. equities, $100 million was allocated to JP Morgan U.S. Analyst. An additional $100 million was allocated to T. Rowe Price U.S. Structured Research Equity Strategy.
As of October 31, 2023, the $17 billion Retirement System has an actual and target allocation to global real assets of 20.6% and 20% respectively. The actual and target allocation to global equities is 39.1% and 41% respectively.
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