Ohio School Employees Retirement System, Columbus, made two new commitments totaling $100 million, recently released board meeting highlights show.
The $13.9 billion pension fund committed $50 million to GoldenTree Distressed Fund III, a distressed debt fund managed by GoldenTree Asset Management. The commitment is part of SERS' opportunistic and tactical portfolio, which had an actual allocation of 2.6% as of Oct. 31. In 2014, the pension fund had committed $50 million to GoldenTree Structured Products Opportunities Fund 2013.
SERS also committed $50 million to FS Equity Partners VIII, a middle-market buyout fund managed by Freeman Spogli & Co. The pension fund's actual allocation to private equity was 10.3% as of Oct. 31.
Tim Barbour, pension fund spokesman, was not available to provide further information.
