Insight

SERS of Ohio supports a co-investment approach

The public pension committed $10m to Monomoy IV Waupaca Foundry (Project Titan).

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Institution: School Employees Retirement System of Ohio
Headquarters: Columbus, US
AUM: $18.19 billion
Allocation to private equity: 12.9%

School Employees Retirement System of Ohio (SERS) revealed the approval of a $10 million investment in Monomoy IV Waupaca Foundry (Project Titan).

The private equity fund, overseen by Monomoy Capital Partners, adopts a co-investment strategy focused on buyouts. While details about the co-investment fund were not included in meeting highlights, Monomoy Capital Partners previously disclosed its acquisition agreement with Waupaca Foundry.

In 2021, the pension fund made a commitment of $75 million to Monomoy Capital Partners IV.

SERS’ current allocation to global private equity as of January stood at 12.9 percent, slightly below the target allocation of 13 percent.

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