SERS Ohio approves over $600m commitments for Q2 2021

The US public pension fund has approved seven private equity commitments in Q2.

Institution: School Employees’ Retirement System of Ohio
Headquarters: Columbus, US
AUM: $17.46 billion
Allocation to alternatives: 26.5%

School Employees’ Retirement System of Ohio has approved over $600 million-worth of commitments for the second quarter of 2021, according to the pension’s board meeting highlights.

The commitments in May comprise $200 million to Apollo Origination Partnership, $150 million to Barings Europe Private Loan Fund III, $75 million apiece to Monomoy Capital Partners IV and Strategic Value Special Situations Fund V, and $8 million to Francisco Partners‘ Zocdoc co-investment vehicle.

The commitment in June was made to The Carlyle Group‘s second credit opportunities fund. The US public pension also revealed in July a $50 million commitment was made to GoldenTree Distressed IV.

The $17.46 billion pension fund has a target allocation of 11 percent to private equity which currently stands at 10.2 percent.

As illustrated below, SERS Ohio’s recent fund commitments have predominantly targeted various lending strategies across multiple sectors and regions.

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