Ohio Public Employees picks 13 for private equity

COLUMBUS, Ohio — Ohio Public Employees Retirement System hired 13 private equity managers to help fill its 4% target allocation to the asset class, which was set in late 2003, said Greg Uebele, director of alternative investments. The $64.5 billion fund invested a total of $410 million in seven buyout funds: Carlyle Partners IV; Hellman & Friedman Capital Partners V; New Mountain Partners II; CHS Private Equity V; Providence Equity Partners V; Lincolnshire Equity Partners III; and Kirtland Capital Partners IV. It invested a total of $170 million in four venture capital funds: Essex Woodlands Health Ventures VI; CMEA Ventures VI; Granite Global Ventures II; and Paul Capital Partners Top-Tier Investments III. The fund also invested $50 million in OCM Principal Opportunities Fund III, a discretionary fund, and $100 million in the OPERS/Pathway private equity fund, a discretionary fund that invests within the state.