Ohio Public Employees Retirement System, Columbus, committed an additional $180 million to four new real estate funds, said plan spokesman Richard Baker. The $64.5 billion system committed $75 million to the LaSalle Asia Opportunity Fund II; $50 million to the CBRE Strategic Partners UK Fund II; $30 million to Tri Continental Capital VII; and $25 million to the Carlyle Realty IV fund. The system now has 1.4% of assets allocated to real estate; its target is 5%.
Separately, the system committed $150 million to Warburg Pincus Equity Partners IX, $91 million to Bridgepoint Europe III, $75 million to Oak Hill Capital Partners II and $25 million to JMI Equity Fund V, all private equity funds. Funding came from cash. The plan's private equity allocation is 4% of assets.