Ohio SERS adds distressed debt

The School Employees’ Retirement System of Ohio (SERS) added $100 million to alternative investments at its latest trustee meeting, mostly in distressed debt strategies.

The SERS Staff Investment Committee approved a $40 million commitment to GoldenTree Distressed III Co-Investment, a distressed investments strategy within the opportunistic portfolio, a $10 million commitment to Francisco Partners V Logan Co-Investment, a co-investment buyout strategy within the private equity portfolio, and a $50 million commitment to Invesco Credit Partners Fund II, a distressed debt strategy within the private credit portfolio.

The $15 billion pension system funded . . .

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