Institution: State Teachers Retirement System of Ohio
Headquarters: Columbus, United States
Allocation to alternatives: 26.40%
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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