Ohio School Employees Retirement System, Columbus, committed $25 million to Agility Fund, a lower middle-market technology buyout fund managed by Francisco Partners, said board meeting highlights posted on the pension fund’s website.
The $12.7 billion pension fund has made commitments to multiple Francisco Partners funds, most recently committing $50 million to Francisco Partners IV in 2014.
The pension fund’s target to private equity is 10%; the actual allocation was 9.5% as of Aug. 31.
Tim Barbour, pension fund spokesman, could not be immediately reached to provide further information.
