Ohio State Teachers' Retirement System, Columbus, with $40 billion in assets, will invest $20 million in CB Healthcare Fund L.P. sponsored by Cain Brothers & Co. The $100 million venture capital fund will focus on early-stage healthcare services companies.
The investment will be funded from cash.
V.F. Corp., Reading, Pa., added four options and dropped two for its three defined contribution plans totaling $510 million.
Funds added were: Vanguard Institutional Index Fund, an equity index fund; Baron Asset Fund, a small-cap growth fund; Longleaf Partners Small-Cap Fund, a small-cap value fund; and the Vanguard Institutional Money Market Fund. Dropped were the Kemper Money Market Fund and the Fidelity Magellan Fund. Each defined contribution plan now totals nine options.
The search was conducted in-house.