The Ohio Public Employees Retirement System (OPERS) has hired 25-year investment veteran John Lane as director of investments.
Lane was formerly chief investment officer for the Pennsylvania Public Employees’ Retirement System and most recently director of pensions investments worldwide for Eastman Kodak Company.
In his new role at OPERS he will lead the investment division of the $68.3 billion public pension fund in executing its annual investment plan and its long-term strategy, the pension said in a statement.
Lane replaces Jennifer Hom, who formally took up the position in November 2005. Hom retired in April 2009 for personal reasons, according to a statement from OPERS.
As of the end of June last year, OPERS private equity programme accounted for more than $2 billion of the funds’ defined benefit pension, or just over 4 percent of its total portfolio. At the same time, the fund’s real estate assets totalled over $4.2 billion, or around 8 percent of the portfolio.
Private equity managers backed by OPERS in the past include Hellman & Friedman, Warburg Pincus, Bridgepoint, CCMP Capital and Paul Capital Partners.