S.C. Pension, Treasurer Feud Over Capital Call

In the on-again, off-again war of attrition between South Carolina’s state treasurer, Curtis Loftis, and the rest of the South Carolina Retirement System Investment Commission, where Loftis is a voting member, a stalemate has ensued after the state’s Supreme Court dismissed a case that the commission brought to compel Loftis, who as treasurer is also the pension’s banker, to fund a capital call for a Warburg Pincus private equity fund.

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