Ohio State Highway Patrol Retirement System, Columbus, committed $15 million to Marathon European Credit Opportunity Fund III, managed by Marathon Asset Management, said Dennis Smith, chief investment officer.
The $830 million pension fund issued an RFP for opportunistic credit managers in January as a result of the increase in the fund's target alternatives allocation to 25% from 17.5% late last year.
In April, the pension fund committed $15 million to PIMCO Corporate Opportunities Fund II, an opportunistic credit fund managed by Pacific Investment Management Co.
Investment consultant Hartland & Co. assisted.
