OH HB515

Enacts new disclosure requirements for five Ohio state retirement system boards (Public Employees, Police and Fire Pension Fund, State Teachers, School Employees, and State Highway Patrol) regarding alternative investments in private equity, venture, hedge, real estate, and absolute return funds.

Requires each alternative investment vehicle to annually disclose fees, expenses, carried interest, portfolio company fees, and gross/net rates of return to the boards.

Mandates boards compile and present annual public reports disclosing investment vehicle names, addresses, commitment amounts, cash distributions, remaining partnership values, management fees, and cash profits.

Allows boards to independently calculate certain fee information based on contractually required disclosures from investment vehicles, exempting those vehicles from providing redundant information.

Applies to all contracts entered after the bill's effective date and any existing contracts with new capital commitments after that date, with boards making reasonable efforts to obtain information on prior investments.