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LP Radar: OSRHE commits to three private equity funds

Oklahoma State Regents for Higher Education commits $16 million to three private equity funds.

Oklahoma State Regents for Higher Education (OSRHE), founded in 1941, has deepened its exposure to private equity with a flurry of small fund commitments totalling $16 million.

The largest commitment agreed by the board during the June 2015 meeting was $6 million to Genstar Capital’s seventh flagship fund which is currently in market targeting $1.5 billion. The buyout vehicle, launched in February 2015, has a strong focus on the life science and healthcare sectors and will be the private equity house’s largest fund since the financial crisis following the $900 million fundraise for its 2012 predecessor.

The remaining amount earmarked for commitments was spread equally across two further funds – OrbiMed Private Investments VI and Avalon Ventures XI. Both of these vehicles carry out earlier-stage investments and highlight OSRHE’s preference of investing into sector specific funds, focusing on the niche life science and healthcare sectors.

OSRHE’s target allocation for the asset class stands at eight percent, with a maximum allocation allowed of up to 15 percent.

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