SCRS approves $247m in commitments

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

Institution: South Carolina Retirement System
Headquarters: Columbia, US
AUM: $41.65 billion
Allocation to Alternatives: 20.1%

South Carolina Retirement System has confirmed a $247 million commitment across three private equity funds, according to minutes from the pension’s April 2022 commission meeting.

The commitments comprised of $50 million to Hg Saturn 3 and $150 million to KKR Lending Partners IV. The pension also committed $47.12 million to Hg Genesis 10.

The $41.65 billion US public pension’s private equity fund commitments tend to focus on diversified global vehicles targeting buyout or corporate private equity returns.

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