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.

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