Ohio School Employees Retirement System, Columbus, will consider investing in an additional real estate fund and possibly hire a private equity consultant. The $8.6 billion system's board will consider the moves at its July 28-29 meeting, according to its agenda. Calls to James Winfree, the fund's executive director, were referred to spokeswoman Laurel Johnson, who declined to comment.
One private equity consultant who did not wish to be identified said that he was told by system officials that the plan wants an external consultant to help it fill out its 5% target allocation to private equity. The plan's main consultant is Russell Investment Group. Currently, only 2% of the system's assets are allocated to private equity. Additionally, about 10% of the plan is allocated to core real estate funds, and the maximum target allocation to real estate is 15%.