Ohio BWC makes $75m commitment

The US public pension has backed a Value-add real estate fund.

Institution: Ohio Bureau of Workers’ Compensation
Headquarters: Columbus, United States
Total AUM: $25.97bn
Allocation to Alternatives: 13.1%
Bitesize: $50-100m

Ohio BWC has agreed to commit $75 million to PGIM Senior Housing Partner Fund VI, according to a representative within the organization.

The $25.97 billion public pension currently allocates 13.1% of its funds to alternatives.

As illustrated in the charts below, Ohio Bureau of Workers’ Compensation has a 15.0% target allocation to private real estate that currently stands at 13.1%. The pension made 4 commitments to real estate funds with vintage years 2018 and 2017, which combined constitute $200 million.

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