Ohio State investment pool surges past $5B with money from energy deal
Ohio State University’s long-term investment pool surpassed $5 billion for the first time after the infusion of $819 million from privatizing campus energy assets.
The pool hit $5.15 billion as of Oct. 2, John Lane, vice president and chief investment officer, told trustees Thursday. It includes the endowment and invested operating cash, and stood at $4.25 billion at the end of the fiscal year June 30.
Trustees in spring approved a deal for Engie North America and financial partner Axium Infrastructure to manage Ohio State’s energy infrastructure for a $1.165 billion up-front payment.