Ohio BWC hires NEPC as real estate consultant

The institution has selected NEPC to provide real estate investment consulting services for an initial three-year term.

Institution: Ohio Bureau of Workers’ Compensation
Headquarters: Columbus, United States
AUM: $21.28 billion
Allocation to alternatives: 16%

Ohio Bureau of Workers’ Compensation selected NEPC as its real estate investment consultant at its May 2021 investment committee meeting, a contact at the institution confirmed to PERE.

The contract will commence on July 1, 2021 for an initial period of three years with two 1-year options at the discretion of the institution. Ohio BWC issued an RFP for investment consulting services in October 2020, as previously reported by PERE.

As illustrated below, Ohio BWC currently allocates 16 percent of its investment portfolio to private real estate. As of March 31, 2021, the value of its private real estate portfolio was approximately $3.39 billion. The pension’s chief investment officer is Bruce Dunn.

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