Ohio School Employees Retirement System, Columbus, made three new commitments totaling $100 million.
Within its global private credit asset class, the $18 billion pension fund committed $50 million to KKR Credit Opportunities Fund II, a special situations fund managed by KKR & Co., according to Nov. 18-19 board meeting highlights emailed by spokesman Tim Barbour.
As of Sept. 30, the pension fund's actual allocation to global private credit was 3%; the target is 5%.
Within its opportunistic and tactical asset class, SERS committed $40 million to Marathon Healthcare Finance Fund, an opportunistic health care royalty fund managed by Marathon Asset Management.
As of Sept. 30, the actual allocation to opportunistic and tactical assets was 4.6%; the target is 0%.
Within global private equity, the pension fund committed $10 million to Levine Leichtman Lower Middle Market III IPM Co-investment, a private equity co-investment fund managed by Levine Leichtman Capital Partners.
As of Sept. 30, the actual allocation to global private equity was 11.4%; the target is 12%.
