Insight

SCRS commits $100m to Cinven and Eagle Point Credit Management

The US public pension has committed to two private equity vehicles.

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Institution: South Carolina Retirement System
Headquarters: Columbia, US
AUM: $38.3 billion
Allocation to Alternatives: 20.1%

South Carolina Retirement System has confirmed a $100.2 million commitment across two private equity funds, according to minutes from the pension’s September 2022 commission meeting.

The commitments comprised of $50.2 million to The Eighth Cinven Fund. A further $50 million was committed to Eagle Point Defensive Income Fund II. The pension previously committed $55 million to the fund’s predecessor.

The $38.3 billion US public pension’s private equity fund commitments tend to focus on diversified global vehicles targeting buyout or corporate private equity returns.

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