Insight

South Carolina Retirement System bolsters private equity portfolio

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

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Institution: South Carolina Retirement System
Headquarters: Columbia, US
AUM: $38.2 billion
Allocation to Private Equity: 15.4%

South Carolina Retirement System has committed $225 million across five private debt and equity funds, according to minutes from the pension’s March 2023 commission meeting.

The commitments comprised $50 million each to Fortress Lending Fund III, Gemspring Capital Fund III and Alpine Investors IX. A further $75 million was committed to GoldentTree Asset Management‘s third debt fund, GoldenTree Loan Management III.

The $38.2 billion US public pension’s private equity fund commitments tend to focus on diversified global vehicles targeting buyout or debt returns.

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