The $76 billion Ohio Public Employees Retirement System on Feb. 1 allocated the final $5 million of its $51 million regional program—the Ohio PERS/Credit Suisse Ohio-Midwest Fund—to SFW Capital Partners, a lower middle-market buyout shop with a regional focus.
Credit Suisse's Customized Fund Investment Group, which manages the Ohio-Midwest Fund, selected eight private equity funds from 31 total submissions.
“The selection of SFW Capital Partners marks the final investment of the Ohio-Midwest Fund,” stated Mike Arpey, managing director of Credit Suisse's Customized Fund Investment Group. “These eight unique funds represent a great diversification across various investment stages and industries, and most importantly, are poised to deliver strong returns for the members of the Ohio Public Employees Retirement System.”
The other mandates went to Blue Point Capital Partners II ($8 million), Strength Capital Partners II ($8 million), Riverside Micro-Cap Fund ($7 million), Stonehenge Opportunity Fund II ($7 million), Triathlon Medical Ventures ($7 million), Draper Triangle Ventures II ($5 million) and Reservoir Venture Partners II ($4 million).
The system and Credit Suisse established the p.e. fund of funds in 2005 to focus on making investments in Ohio and the Midwest. Ohio PERS contributed $50 million, with the remaining $1 million contributed by Credit Suisse.