CRS approves $40m commitment

The Ohio-based public pension has backed a distressed debt vehicle.

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Institution: Cincinnati Retirement System
Headquarters: Cincinnati, United States
AUM: $2.04 billion
Allocation to alternatives: 28.07%

Cincinnati Retirement System has confirmed its first known commitment to a private debt fund, according to the pension’s June 2020 board meeting minutes.

CRS has committed $40 million to H.I.G Bayside Opportunity Fund VI, a distressed debt and special situations vehicle managed by HIG Capital’s credit arm.

The $2.04 billion public pension allocates 28.07 percent of its investment portfolio to alternative investments.

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