Ohio State Teachers' Retirement System, Columbus, hired Callan as alternatives consultant.
The $88.2 billion pension fund's board approved the hiring at its April 20 meeting, spokesman Dan Minnich said in an email.
The pension fund issued an RFP in the fourth quarter of 2022 due to the upcoming expiration of current alternatives consultant Cliffwater. The firm was invited to rebid but did not do so. Albourne America was the other finalist.
As of March 31, the pension fund's actual allocations to private equity and opportunistic/diversified investments were 11.2% and 9.7%, respectively; the respective targets are 9% and 10%.