Ohio Police & Fire Pension Fund, Columbus, committed up to $50 million to Advent Global Private Equity VIII, a global buyout fund with a primary focus on Europe and North America managed by Advent International, spokesman David Graham said in an e-mail.
The $13.9 billion pension fund previously committed $35 million to Advent Global Private Equity VII in June 2012.
The new commitment brings the pension fund’s private markets total to $283 million for 2015, about $42 million below the strategic plan target for the year. The pension fund’s long-term target for the asset class is 8%, and its actual allocation as of Oct. 31 was 5.6%, or $790 million.
