Ohio School Employees Retirement System, Columbus, approved new and follow-on commitments totaling $350 million, pension fund spokesman Tim Barbour confirmed in an email.
The $14.2 billion pension fund committed $50 million each to BlackRock Securities Investors, an asset-backed securities fund; Francisco Partners VI and Francisco Partners Agility II, both buyout funds; KKR Dislocation Opportunities, a distressed debt fund managed by KKR & Co.; and PIMCO Distressed Senior Credit Opportunities Fund III, a distressed debt opportunities fund managed by Pacific Investment Management Co.
SERS also made follow-on commitments of $50 million each to HPS Specialty Loan Fund V, a core senior lending strategy managed by HPS Investment Partners, and middle-market direct lending fund LBC Credit Partners V.
The pension fund originally committed $75 million to each fund earlier this year.
As of April 30, the pension fund's actual allocations to global private equity and its opportunistic and tactical strategies asset class were 10.8% and 2.7%, respectively.