Ohio School Employees’ Commits $175M to Credit, Private Equity

The School Employees Retirement System of Ohio (SERS) has committed $175 million between two private funds, according to a summary from their February board meeting.

$100 million was approved for LBC SMA, a separately managed account strategy within the private credit portfolio. $50 million, was allocated to Kohlberg Investors X, a middle market buyout fund. Additionally $25 million was committed to a side-car co-investment. 

As of December 31, 2022, SERS was valued at approximately $17 billion. 

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