The $14.5 billion School Employees Retirement System (SERS) of Ohio has approved a $100 million commitment to Lubert-Adler Recovery Capital and Enhancement Strategy, a noncore real estate strategy.
An investment strategy for the fund was not disclosed.
The investment was made on behalf of SERS’ global real assets portfolio. As of June 30, SERS had a 15.1 percent actual allocation to real assets against a target of 16 percent.
