Ohio School Employees Approves Three Alts Commitments; Increases Real Assets & PE Target

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%)

For more public pension insights and a comprehensive library of public plan minutes, we would love to offer you a free trial of Dakota Marketplace!