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

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

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.

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