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SCRS approves $250m in commitments

The US public pension has backed three private equity vehicles

Institution: South Carolina Retirement System
Headquarters: Columbia, US
AUM: $32.49 billion
Allocation to alternatives: 28%

South Carolina Retirement System has confirmed $250 million in commitments to three private equity funds, as reported by sister publication Private Equity International.

The commitments comprised of $100 million to WestCap Strategic Operator Access Fund and $75 million to both Fortress Lending Fund II and Fortress COF V.

The $32.49 billion US public pension has a 7 percent allocation to private equity.

As illustrated, SCRS has focused its recent commitments on North American vehicles with diversified sector focus.

Platinum subscribers may click here for the investor’s full profile, including key contacts, allocation strategy and fund investments.