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Ohio State Highway Patrol slates $40 million for private equity, hedge funds

Ohio State Highway Patrol Retirement System, Columbus, made new commitments and investments totaling $40 million, said Dennis Smith, chief investment officer.

The $849 million pension fund committed $20 million to H.I.G. Advantage Buyout Fund, a private equity fund managed by H.I.G. Capital. The pension fund previously committed $20 million to H.I.G. Whitehorse Direct Lending Fund in December.

Also, the pension fund's board approved two direct hedge fund investments with initial investments of $10 million each in long/short equity funds managed by AQR Capital Management and Diamond Hill Capital Management.

Investment consultant Hartland & Co. assisted.