Ohio BWC to resume commitments to value-added funds

The institution plans to make commitments to value-added vehicles in 2021.

Institution: Ohio Bureau of Workers’ Compensation
Headquarters: Columbus, United States
AUM: $22.86 billion
Allocation to real estate: 14.6%

Ohio Bureau of Workers’ Compensation decided at its September investment committee meeting to resume recommendation of value-added fund commitments for consideration and approval by its board of directors, a contact at the institution informed PERE.

According to board documents, the institution’s real estate consultant, NEPC, recommended that it commits approximately $100 million to non-core real estate in 2021. Ohio BWC has suspended consideration of new non-core real estate funds since the onset of the covid-19 pandemic.

As illustrated below, Ohio BWC currently allocates 1.5 percent of its investment portfolio to value-added real estate. As of August 31, 2021, the value of its value-added portfolio was approximately $328.51 million. The pension’s chief investment officer is Bruce Dunn.

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