Ohio pension commits $65m

The School Employees Retirement System of Ohio has approved commitments to two mid-market private equity fund managers.

The School Employees Retirement System of Ohio last month approved $65 million (€41.2 million) in commitments to two private equity funds.

The $11.3 billion pension plan committed $40 million to Odyssey Investment Partners IV. Los Angeles-based Odyssey is a mid-market private equity firm focussed on the industrial manufacturing, business and financial services, aerospace products and services and route-based business sectors.

The pension also committed $25 million to Seattle, Washington-based Evergreen Pacific Partners’ second fund. The mid-market private equity firm targets companies in western North America.

SERS also committed up to $50 million each to two hedge funds: AS Super Fund and Brevan Howard Fund Limited.

SERS’ assets are down $100 million as of 30 April from the same time last year, according to the pension’s June board meeting highlights.