Ohio Police and Fire Pension Fund approves $70m in commitments

The US public pension has backed two private equity funds.

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 approved commitments of $20 million to Trident VIII and $50 million to GSO European Senior Debt Fund II, a contact at the pension informed Private Equity International. Trident VIII is managed by Stone Point Capital with GSO European Senior Debt Fund II managed by GSO Capital Partners – Blackstone’s credit investment arm.

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 three commitments to three funds with a 2019 vintage. Other than the aforementioned Stone Point Capital and Blackstone commitments, there was also a $20 million to TA XIII managed by TA Associates.

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