Ohio School Employees Retirement System, Columbus, hired global REIT managers Invesco Real Estate and ING Clarion Real Estate to run up to $100 million each, pending contract negotiations, said spokeswoman Julie Graham-Price. The $11.6 billion fund also named CB Richard Ellis as standby manager in case negotiations with Invesco or ING fail. Funding comes from an asset allocation shift that added global REITs; no managers were terminated. An RFP was issued in January.
Separately, the system committed up to $50 million to Quantum Energy Partners and up to $25 million to Transportation Resource Partners, Ms. Graham-Price said. Both are private equity funds. General consultant Summit Strategies assisted.