Insight

SCRS commits $105m to private equity

The Columbia-based public pension fund has backed two private equity vehicles.

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Institution: South Carolina Retirement System
Headquarters: Columbia, US
AUM: $38.16 billion
Allocation to private equity: 15%

South Carolina Retirement System committed $105 million to private equity vehicles according to its recent commission meeting documents.

SCRS committed $75 million to Industry Ventures Secondary X and $30 million to Falfurrias Growth Partners I.

Industry Ventures Secondary X is a venture capital secondaries vehicle focusing on North American transactions. The fund has a target of $1 billion, with its predecessor fund surpassing a $750 million target and holding a final close on $850 million.

The Falfurrias Growth Partners I is a diversified fund targeting growth equity in the North American region.

The $38.16 billion public pension has a current allocation of 15 percent to private equity, which is well over its target allocation of 9 percent.

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