Ohio pension invests $40m in PE funds

TA XIII, managed by TA Associates, targets profitable-stage minority investments in mid-market growth buyouts primarily in North America and Europe.

OP&F has previously committed to the fund's predecessors TA XII and TA XI.

Advent International IX focuses on from mid-market to large-cap buyouts in North America and Europe. The fund has a target between $15-17bn and plans to hold a final close in mid-2019. Other US LPs that have committed to the fund include Minnesota State Board of Investment and Maine Public Employees Retirement System.

OP&F has also committed to Advent International GPE VIII and Advent International GPE VII.

Commitments to TA XIII and Advent International IX fall under the private markets strategy.

The US pension has targeted $80m for new private markets commitments through the rest of 2019.

OP&F has invested 8.1% of its portfolio to private markets as of February 2019, versus a 8% long-term target allocation.

Other recent commitments to private equity include Vista Equity Partners Fund VII and EQT VIII.

• Tweet  
• Facebook  
• LinkedIn  
• Google plus  
• Send to  

• Topics
• LPs
• Advent International
• TA Associates