Ohio State Highway Patrol Retirement System slashes PE allocation

The US public pension has cut its allocation to the asset class.

Institution: Ohio State Highway Patrol Retirement System
Headquarters: Columbus, United States
AUM: $893.73m
Allocation to alternatives: 18.0%

Ohio State Highway Patrol Retirement System saw its private equity exposure decrease by nearly three and a half percentage points during the first six months of 2019, a contact at the pension informed Private Equity International.

The pension’s allocation to the asset class stood at 14.43 percent as of the end of December 2018, before dropping to 11.0 percent as of the end of June 2019.

As illustrated below, Ohio State Highway Patrol Retirement System’s most recent private equity commitments were to HarbourVest Partners Co-Investment Fund V and Blue Point Capital Partners IV.

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