Ohio Schools preps for private credit assignment

At its March meeting, the board of the $18.7 billion School Employees Retirement System of Ohio (OHSERS) approved $60 million in new commitments to opportunistic and private equity investments.

The commitments are its most recent in the strategies, and the fund’s staff continues to research more such opportunities, a fund spokesman confirmed.

OHSERS’ board approved a $50 million commitment to PanAgora, a risk parity strategy within the system’s opportunistic portfolio, and a $10 million commitment to Francisco Partners V Renaissance Co-Invest, a buyout strategy within its private equity portfolio.

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Mark Fortune

Mark Fortune has more than 30 years of experience as a financial writer and editor, with a focus on institutional investment management. He has worked in various editorial roles at organizations that include Institutional Investor, Pageant Media, Markets Group and, most recently, at New York investment management firm Cohen & Steers.

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