Ohio School Employees Retirement System, Columbus, made five new commitments totaling $508 million.
In its private credit portfolio, the $17 billion pension fund's board at its May 21 meeting approved commitments of $200 million to Apollo Strategic Origination Partners, a direct lending fund managed by Apollo Global Management; $150 million to direct lending fund Barings European Private Loan Fund III; and $8 million to FP Credit Zocdoc Co-Investment, a direct lending co-investment fund managed by Francisco Partners, spokesman Tim Barbour said in an email.
As of March 31, the pension fund's actual allocation to global private credit was 1.8%; the target is 3%.
In private equity, the pension fund committed $75 million each to Monomoy Capital Partners IV, a middle-market buyout fund, and Strategic Value Special Situations Fund V, managed by Strategic Value Partners.
As of March 31, the pension fund's actual allocation to global private equity was 10.8%; the target is 11%.
The pension fund also hired AlphaEngine Global Investment Solutions to run its smart alpha strategy within SERS' currency alpha program. The highlights said AlphaEngine will manage a $500 million notional mandate and did not provide further information on whether it is a replacement manager.