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State Teachers Retirement System of Ohio approves $75m commitment

The US public pension has backed Veritas Capital's seventh series buyout fund.

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Institution: State Teachers Retirement System of Ohio
Headquarters: Columbus, United States
AUM: $79.15bn
Allocation to alternatives: 26.40%
Bitesize: $50-100m

State Teachers Retirement System of Ohio has approved a commitment of $75 million to Veritas Capital Fund VII, a contact at the pension informed Private Equity International.

The $79.15 billion US public pension has a 7.0 percent target allocation to private equity that currently stands at 7.70 percent.

As illustrated in the charts below, the fund has made two other commitments to private equity vehicles with a 2019 vintage: $125 million to a mezzanine joint venture with Whitehorse Finance and $100 million to Summit Partners Growth Equity Fund X.

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