Ohio School Employees Retirement System, Columbus, committed $100 million to Ares Private Credit Solutions II.
The $15 billion pension fund's board approved the commitment to the upper-middle-market junior capital lending strategy managed by Ares Management at its Dec. 17 meeting, said Tim Barbour, SERS spokesman.
As of Oct. 31, the pension fund's actual allocation to global private credit was 1.6%; the target is 3%.
