News & Analysis

Ohio SERS approves $300m in commitments

The Columbus-based pension approved commitments across two private credit vehicles.

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Institution: School Employees’ Retirement System of Ohio
Headquarters: Columbus, US
AUM: $17.7 billion
Allocation to alternatives: 27.7%

School Employees’ Retirement System of Ohio has approved $300million-worth of commitments across two private credit strategies, according to the pension’s September board highlights.

The commitments comprised $150 million apiece to Arcmont Private Debt SMA and FP Credit Partners II.

The second credit fund by Francisco Partners held a final close this week after raising $2.2 billion in commitments. The opportunistic credit fund will be focused on the broad and increasingly diverse technology market.

The $17.7 billion US public pension has a 5.0 percent target allocation to private debt that currently stands at 2.3 percent.

Illustrated below are the recent fund commitments and full investment portfolio.

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