LP profile · Pension fund
STRS Ohio
STRS Ohio is a pension fund headquartered in United States (North America). Ranked #125 in the 2026 Dealroom Power Law LP Ranking by realised power-law score across its venture commitments.
Historical Background
- The State Teachers Retirement System of Ohio (STRS Ohio) was established in 1919 through legislation, becoming the first statewide teacher retirement system in the United States to be based on actuarial principles.
- It began operations in 1920 and is a legally separate and fiscally independent entity from the state government of Ohio.
Source of Capital
- STRS Ohio is a defined-benefit plan that provides retirement security for public educators across Ohio.
- The system's capital is derived from contributions made by its members (active teachers), their employers (school districts), and the investment returns generated from its portfolio.
Major Events
- The STRS Ohio board has recently been the subject of legislative changes, altering its composition to give more control to appointed officials following internal disputes over investment strategy and management.
- In 2024, the board approved a new benefits package that includes a cost-of-living adjustment for retirees.
Allocation Strategy
- STRS Ohio manages a diversified portfolio across various asset classes, including domestic and international equities, fixed income, real estate, and alternative investments.
- The fund's real estate strategy for fiscal year 2025 involves focusing on direct investments in the apartment and industrial sectors while planning to decrease exposure to office properties.
- The system has outlined plans to commit capital to funds with an international real estate focus.
- There is an ongoing public debate among board members and stakeholders regarding the fund's investment approach, particularly concerning the balance between active and passive management and the consideration of novel investment strategies.
Sources
- https://www.strsoh.org/aboutus/
- https://www.cincinnati.com/story/news/state/2025/06/25/turmoil-leads-lawmakers-to-change-strs-ohio-pension-board-control/84349163007/
- https://en.wikipedia.org/wiki/STRS_Ohio
- https://ohioauditor.gov/auditsearch/Reports/2022/State_Teachers_Retirement_System_of_Ohio_Special_Audit_Report_FINAL.pdf
- https://www.marketsgroup.org/news/State-Teachers-Retirement-System-of-Ohio-plans-strategic-moves-for-fiscal-year-2025-within-its-real-estate-portfolio
- https://realassets.ipe.com/news/strs-of-ohio-plans-to-invest-up-to-500m-in-international-real-estate-push/10067712.article
- https://rivernews.org/2025/04/22/ohio-strs-approves-cost-of-living-boost-for-retirees/
- https://apnews.com/article/ohio-pensions-state-teachers-retirement-fund-strs-a9e86967030c2d61dd776f89cbc1f9e2