# Ohio Bureau of Workers' Compensation

Ohio Bureau of Workers' Compensation is a Pension Fund based in Columbus, United States.

## Overview

- **Organization type:** Pension Fund
- **Headquarters:** Columbus, United States
- **Region:** North America
- **Address:** 30 W Spring St, Columbus, Ohio, United States
- **Founded:** 1911
- **Assets under management:** $29B (Altss estimate)
- **Website:** info.bwc.ohio.gov
- **LinkedIn:** https://www.linkedin.com/company/ohio-bwc

## Regulatory record

- **Reports private funds:** No

## About

The Ohio Bureau of Workers' Compensation (BWC) serves as the sole provider of workers' compensation insurance in Ohio. It provides medical benefits and lost wages to injured workers and their employers for work-related injuries, diseases, and deaths and promotes workplace safety to enhance the well-being of Ohio's workforce. BWC manages over $29 billion in assets as the largest state-operated and second largest overall provider of workers’ compensation insurance in the United States.

## Sectors

- Real Estate
- Public Equities
- Fixed Income

## People

- Stephanie McCloud — Administrator and CEO
- Robert Palmeri — Chief Investment Officer

## Questions

### Who runs investment decisions at Ohio Bureau of Workers' Compensation?

Robert Palmeri serves as Chief Investment Officer. Stephanie McCloud acts as Administrator and CEO. Meketa Investment Group and RVK provide external advisory support.

### Does Ohio Bureau of Workers' Compensation participate in fund commitments or only direct deals?

The bureau commits as a limited partner to real estate funds including Focus Senior Housing Fund II and Prudential Senior Housing Partners VI. Public equity and fixed income positions are held directly.

### What investment stages does Ohio Bureau of Workers' Compensation typically target?

The program targets core and value-add real estate funds along with public market equities and long-duration credit. Liquidity terms restrict illiquid vehicles to no more than 25 percent of total assets.

### Where does the underlying capital come from?

Capital originates from premiums collected through the State Insurance Fund for workers' compensation coverage in Ohio.

### How is Ohio Bureau of Workers' Compensation related to state government?

Governor Mike DeWine appoints the Administrator and Board of Directors. The bureau functions as a state-operated entity under statutory authority.

### What is Ohio Bureau of Workers' Compensation's known posture on co-investments alongside external GPs?

The bureau invests through limited partner commitments to external managers such as Sares-Regis, Bell Partners, and Hammes Partners rather than direct co-investments.

## Related profiles

- [Accident Compensation Corporation](https://altss.com/profile/accident-compensation-corporation)
- [Wespath Benefits and Investments](https://altss.com/profile/wespath-benefits-and-investments)

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Last updated: 2026-06-03T20:00:00.000Z

Canonical page: https://altss.com/profile/ohio-bureau-of-workers-compensation

Maintained by Altss — https://altss.com — methodology: https://altss.com/methodology