STRS Ohio approves $75m commitment

The US public pension has backed a venture capital fund.

Institution: State Teachers Retirement System of Ohio
Headquarters: Columbus, United States
AUM: $81.54bn
Allocation to alternatives: 26.60%
Bitesize: $50-100m

State Teachers Retirement System of Ohio has agreed to commit $75 million to General Catalyst Group X, a contact at the pension informed Private Equity International.

The $81.54 billion US public pension has a 7.0 percent target allocation to private equity that currently stands at 8.30 percent.

As illustrated below, STRS Ohio has made five commitments to private equity funds with a 2019 or 2020 vintage, which combined constitute $450 million.

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