Ohio SERS Commits $191M to Private Credit, Equity Strategies

The School Employees’ Retirement System (SERS) of Ohio made a commitment to three funds in private credit and private equity totalling $191M.

According to board highlights of its December 19 year-end meeting, Ohio SERS allocated $75M to special situations fund FP Credit III and $50M to KKR Asset Based Finance Fund II, both in private credit. In private equity, the pension committed a total of $66M, including through a co-investment feature, to middle-market buyout Bridgepoint Development Capital V. All three are existing managers with the pension. 

As of October 31, 2024, Ohio SERS managed $19.36B in aggregate assets.