SERS Ohio boosts target allocation to real assets

The US public pension's target allocation to the asset class has been hiked by two percentage points.

Institution: School Employees’ Retirement System of Ohio
Headquarters: Columbus, United States
AUM: $15.19bn
Allocation to alternatives: 24.10%
Bitesize: $10-50m

School Employees’ Retirement System of Ohio has increased its target allocation to real assets from 15.0 percent to 17.0 percent, according to the pension’s March 2020 investment report. SERS Ohio’s real assets portfolio includes allocations to infrastructure and real estate.

The pension has stated that its goal is to reach its 17.0 percent real assets target allocation by the end of 2021. Strategies underway in order to reach its target include: evaluating new equity and debt managers; pursuing co-investment opportunities within the infrastructure sector; and evaluating new core and non-core managers within the real estate sector.

As illustrated below, SERS Ohio has made five commitments to infrastructure funds with vintage years of between 2015 and 2019, which combined constitute $310 million.

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