Ohio School Employees Retirement System, Columbus, committed $60 million to Barings Global Special Situations Credit 3, a credit fund that specializes in stressed and distressed debt, said Tim Barbour, pension fund spokesman.
The $14.3 billion pension fund's board approved the commitment at its Feb. 15 meeting. The commitment falls within the pension fund's opportunistic portfolio, which had an actual allocation of 2.4% as of Dec. 31.