Ohio School Employees’ approves $40m in commitments

The US public pension has backed two tech-focused private equity vehicles managed by Francisco Partners.

Institution: School Employees’ Retirement System of Ohio
Headquarters: Columbus, United States
AUM: $14.46bn
Allocation to alternatives: 24.80%
Bitesize: $10-50m

School Employees’ Retirement System of Ohio has approved commitments of $30 million to Francisco Partners Credit Fund and $10 million to Francisco Partners V – Prince Coinvestment Fund, according to the pension’s latest meeting minutes.

The $14.46 billion US public pension has a 10.0 percent target allocation to private equity that currently stands at 9.90 percent.

According to the charts below, the pension has made five commitments to private equity funds with a 2019 vintage, which combined constitute $147 million.

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