Insight

South Dakota commits to CVC Capital Partners

South Dakota Investment Council has made a €100m commitment to Luxembourg-based firm's latest buyout fund.

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Institution: South Dakota Investment Council
Headquarters: Sioux Falls, US
AUM: $19.1 billion
Allocation to private equity: 10.9%

The South Dakota Investment Council has revealed a commitment of up to €100 million to CVC Capital Partners IX in their recent meeting minutes.

CVC Capital Partners launched CVC Capital Partners IX in 2022 with the goal of raising €25 billion for the diversified buyout fund.

The South Dakota Investment Council joins a long list of US-based pension funds that have already pledged large commitments to the fund, with MassPRIM committing €250 million to the fund in May, and LACERA committing a further €250 million in June. The vehicle is managing to attract LPs despite the difficult fundraising environment.

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