Ohio Police and Fire Pension Fund approves $20m commitment

The US public pension has backed Veritas Capital's seventh serious buyout fund.

Institution: Ohio Police and Fire Pension Fund
Headquarters: Columbus, United States
AUM: $15.60bn
Allocation to alternatives: 24.2%
Bitesize: $10-50m

Ohio Police and Fire Pension Fund has committed up to $20 million to Veritas Capital Fund VII, a contact at the pension informed Private Equity International. The pension previously committed $35 million to the fund’s predecessor.

The $15.60 billion US public pension has an 8.0 percent target allocation to private equity that currently stands at 8.30 percent.

As illustrated in the charts below, the fund has made four commitments to private equity funds with a 2019 vintage, which combined constitute $110 million.

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