Institution: School Employees’ Retirement System of Ohio
Headquarters: Columbus, US
AUM: $17.32 billion
Allocations to alternatives: 17.3%
School Employees’ Retirement System of Ohio (SERS) has backed eight private equity funds, with $75 million to Carlyle Asia Partners Growth II, $50 million to Lightspeed Global Opportunity Fund II, $75 million to Bridgepoint Europe VII, $50 million to Green Equity Investors IX, $50 million to Jade Equity Investor II, $100 million to Francisco Partners VII, $50 million to Francisco Partners Agility III and $100 million to Silver Lake Partners VII, according to their recent board material.
SERS Ohio is the pension fund providing pension benefits and access to post-retirement health care coverage to Ohio’s active and retired non-teaching public school employees.
The US pension fund has allocated 12.3 percent to private equity, which comprises $2.1 billion in capital. It currently has a target allocation of 12 percent. Its recent fund commitments strategy has been predominantly focused on multi-regional buyout, debt, growth equity and venture capital vehicles.
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