Ohio School Employees Retirement System, Columbus, hired Harvest Fund Advisors as its first master limited partnership manager to run $50 million, spokesman Tim Barbour said.
The $12.1 billion pension fund issued an RFP for its first MLP manager in September, within its opportunistic asset class. Other finalists were Salient Partners and State Street Global Advisors. Funding comes from cash.
Separately, the pension fund committed $75 million to private equity fund Warburg Pincus Private Equity XII, and previously committed $50 million to Warburg Pincus Private Equity XI in June 2012.
Also, the pension fund committed €40 million ($44 million) to Charterhouse Capital Partners X, a European buyout fund. The pension fund previously committed up to €30 million to Charterhouse Capital Partners IX in September 2008.
The pension fund also committed $40 million to Mason Wells Buyout Fund IV. The pension fund previously committed up to $40 million to Mason Wells Buyout Fund III in January 2010.