Erica Worley

This Private Credit Policy establishes the strategic framework for managing Private Credit assets within the Ohio Public Employees Retirement System's Defined Benefit Fund. The plan aims to achieve higher risk-adjusted returns through investments in non-publicly traded debt, focusing on diversification across various private credit strategies and vintage years. Key areas addressed include a detailed investment philosophy, specific allocation guidelines, comprehensive risk management protocols covering liquidity, credit, and geographic risks, and clear performance objectives. The policy also outlines the roles and responsibilities for governance, implementation, and rigorous monitoring and reporting to ensure compliance and strategic alignment.

This Investment Policy Statement establishes the guidelines for managing the Stable Value Option assets within the Ohio Public Employees Deferred Compensation Program. Its primary objective is to provide a stable principal value and competitive interest income by investing in a diversified portfolio of high-quality investment contracts and fixed income instruments. The strategy segments investments into liquidity buffer, fixed maturity, and open maturity structures, managed with a systematic rebalancing policy, and includes provisions for diversification, credit quality, and performance monitoring against benchmarks. The policy also emphasizes manager reporting requirements and the consideration of Women and Minority-Owned, Ohio-Based, and Emerging Business Enterprises.

This document outlines the strategic investment framework for the Ohio Public Employees Retirement System's Defined Benefit Fund. It details the investment philosophy, objectives, and specific asset allocation targets and ranges across various asset classes including Public Equity, Fixed Income, and Alternatives, aiming to provide secure retirement benefits. The policy emphasizes diversification as a primary risk control, sets performance objectives, and defines roles and responsibilities for effective risk management and ongoing monitoring.

This policy provides a strategic investment framework for managing the Risk Mitigation Strategies Asset Class, aiming to diversify assets and enhance liquidity in distressed market environments. It incorporates strategies such as Long Duration U.S. Treasury, Trend Following, and Alternative Risk Premia. The policy outlines comprehensive risk management protocols covering active, counterparty, currency, liquidity, manager, derivatives, leverage, and legal risks, alongside defining roles and responsibilities for effective governance, implementation, monitoring, and reporting.

This document outlines the broad strategic framework for managing the Private Equity assets of the Ohio Public Employees Retirement System. It details the investment philosophy, allocation across Corporate Finance, Venture Capital, and Special Situations, and specifies investable instruments and restricted investments. The policy emphasizes comprehensive risk management, addressing various factors such as liquidity, vintage year, single investment, co-investment/direct investment, company, manager, currency, industry, geographic, leverage, and valuation risks. It also defines performance objectives, roles and responsibilities, and monitoring and reporting protocols to ensure superior equity returns and asset diversification.