Ohio State Teachers Retirement System, Columbus, disclosed a total of $520 million in alternative fund commitments in a report from Matthew Worley, deputy executive director-investments and chief investment officer, at its May 16 board meeting.
The $94 billion pension fund committed $100 million each to lower middle-market buyout fund H.I.G. Capital Partners VII and buyout fund Nautic Partners XI; $75 million and $50 million, respectively, to Kingswood Capital Opportunities Fund III, a buyout fund managed by Kingswood Capital Management, and associated co-investments; $75 million to middle-market buyout fund Monomoy Capital Partners V; and $60 million each to buyout fund Audax Private Equity Solutions Fund and associated co-investments.
As of March 31, the pension fund’s actual allocation to alternative investments was 19.8%; the target is 19%.
