Institution: South Carolina Retirement System
Headquarters: Columbia, United States
AUM: $35.61 billion
Allocation to private equity: 7.6%
South Carolina Retirement System has confirmed $355 million-worth of commitments across six private equity vehicles between December 2020 and February 2021, according to minutes from the pension’s recent commission meeting.
SCRS committed $100 million to Aberdeen Standard US Private Equity IX and $50 million to Mill Point Capital Partners II in December of last year. Between January and February 2021, it committed a further $50 million to Peak Rock Capital Fund III, $30 million to Hillhouse Focused Growth Fund V, $25 million to GoldenTree Structured Products Fund VII and $100 million to KKR Asian Fund IV.
The $35.61 billion pension has a 7.6 percent current and target allocation to private equity.
As illustrated below, SCRS’s private equity fund commitments tend to focus on global vehicles with buyout or mezzanine strategies.
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