Ohio Public Employees Retirement System, Columbus, committed $350 million to Lexington Co-Investment Partners III, a third-party co-investment fund managed by Lexington Partners that focuses on global buyout investments, confirmed spokesman Michael Pramik.
The pension fund, which includes $69.2 billion in defined benefit plan assets, also committed $80 million to Consonance Private Equity, a health-care sector-focused private equity fund managed by Consonance Capital Partners.
Separately, the pension fund invested $100 million in Beach Point Total Return Fund II, a credit hedge fund specializing in corporate loans, distressed debt and high-yield bonds managed by Beach Point Capital Management.
