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Ohio School Employees allocates $100 million to Carlyle fund
The $16.5 billion pension fund s board approved the commitment to the open-end core-plus real estate fund managed by
Carlyle Group at its Feb. 18 meeting, said Tim Barbour, SERS spokesman, in an email.
As of Dec. 31, the actual allocation to global real assets was 14.7%; the target is 16%.
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Asset owners turn to private credit in quest for returns
Top funds nearly double their allocations to asset class despite high risk potential
Nimisha Srivastava said manager selection will be very important to earning the desperately needed yield.
U.S. institutional investors are betting big that private credit will provide much-needed yield and an illiquidity premium to public debt, with assets nearly doubling in the year ended Sept. 30.
Private credit assets of the largest 200 U.S. retirement plans nearly doubled, up 93.1% to $50.2 billion in the year ended Sept. 30. It is also a 212% increase from 2018, when
Pensions & Investments first included private credit in its annual survey of the largest retirement plans.
Kohlberg closes latest private equity fund at $3.4 billion
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Kohlberg & Co., a middle-market private equity firm, closed its latest fund, Kohlberg Investors IX, at $3.4 billion.
Kohlberg Investors IX is above its fundraising target of $3 billion, hitting its hard cap, said sources with knowledge of the fundraising. The fund also is 54.5% larger than its predecessor, $2.2 billion Kohlberg Investors VIII, which closed in 2016, a news release Tuesday said. Kohlberg is delighted to have received such strong support from our existing limited partners and to have been able to secure commitments from several new investors, many through entirely virtual diligence, said Shant Mardirossian, Kohlberg chief operating officer, in the release.
Ohio Schools OKs commitment to Ares private credit fund
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%.
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