School Employees Retirement System of Ohio

School Employees Retirement System of Ohio

The School Employees Retirement System of Ohio was founded in 1937. It operates as a public defined benefit plan serving non-teaching employees of Ohio schools. Farouki Majeed acts as Chief Investment Officer and Richard Stensrud serves as Executive Director through mid-2026. The Retirement Board, chaired by Frank Weglarz, oversees governance. The system targets a 7 percent return and deploys capital through limited partnership commitments and co-investments. Asset classes include private equity at a 13.25 percent allocation, global real estate valued at $2.2 billion, and infrastructure at $1.3 billion. Geographic exposure spans North America and Western Europe. Confirmed holdings include Riverside Value Fund II, Great Hill Equity Partners IX, KKR Diversified Core Infrastructure Fund, Tree Line Direct Lending IV, and Carmel Partners Fund IX. Ticket sizes range from $10 million to $100 million. The system maintains a headquarters at 300 East Broad Street in Columbus. It reported $214 million in private market commitments during the February 2026 board meeting. Additional service providers include Wilshire Associates as investment consultant, BNY Mellon as custodian, and RSM US LLP as external auditor. The system participates in professional networks such as the Council of Institutional Investors and the National Association of State Retirement Administrators. Board governance separates policy setting from day-to-day execution. The Retirement Board includes appointed investment experts such as James Rossler Jr. Statutory custody rests with the Treasurer of the State of Ohio. Joint insurance and advocacy activities occur with the Ohio Public Employees Retirement System and the State Teachers Retirement System of Ohio.