Ohio School Employees Retirement System, Columbus, approved one domestic equity manager hire and one real assets commitment totaling $65 million.
The $16.5 billion pension fund's investment committee at its Nov. 18 meeting approved the hiring of PanAgora Asset Management to run $50 million in active domestic small-cap core equities and a commitment of $15 million to DigitalBridge Partners II GD Towers Co-Investment, spokesman Tim Barbour said in an email.
Funding comes from cash reserves, Mr. Barbour said. The pension fund hired PanAgora to add further diversification to the domestic equity portfolio, he said.
The pension fund had committed $50 million to DigitalBridge Partners II in February. In July, DigitalBridge announced its purchase in partnership with Brookfield Asset Management of a 51% ownership stake in GD Towers, Germany's largest mobile telecommunications tower company.
As of Sept. 30, the pension fund's actual allocations to global equities and global real assets were 38.6% and 22.4%, respectively; their respective targets are 45% and 17%.
