Ohio School Employees’ Commits $300M to Private Equity

The School Employees Retirement System of Ohio (SERS) has disclosed four commitments to private equity funds totaling up to $300 million, according to a summary from their September board meeting.

$50 million was approved for middle market buyout fund, Bridgepoint Europe VII, managed by Bridgepoint Advisers. $50 million was committed to Francisco Partners Agility III, a buyout fund. In addition, $100 million was committed Francisco Partners flagship buyout fund, Francisco Partners VII. Lastly, $100 million was committed to buyout fund, Silver Lake Partners VII.

As of July 31, 2022, the $17.5 billion Retirement System has an actual and target allocation to private equity of 12.5% and 12% respectively.

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