SERS makes $75m commitment

The US public pension has backed a North America private debt fund.

Institution: School Employees’ Retirement System of Ohio
Headquarters: Columbus, United States
AUM: $15.19bn
Allocation to alternatives: 23.7%
Bitesize: $10-$50m

School Employees’ Retirement System of Ohio has confirmed a $75 million commitment to HPS Specialty Loan Fund V, as mentioned during the institution’s March 2020 Retirement Board meeting.

The fund, managed by HPS Investment Partners, leverages a direct lending strategy and will form part of the institution’s opportunistic portfolio. The $15.19 billion US public pension has a 23.7 percent allocation to alternatives.

As illustrated below, SERS has made eight commitments to private equity funds with a 2019 or 2020 vintage, which combined constitute $347 million.

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