Institution: South Carolina Retirement System
Headquarters: Columbia, United States
Allocation to alternatives: 21.40%
South Carolina Retirement System has agreed to commit $52.50 million to Great Hill Equity Partners VII, according to a recent report on the pension’s website. The buyout fund will invest in North America, Latin America and across Europe.
This commitment marks the first time SCRS has invested in a fund managed by Great Hill Partners.
The $31.98 billion US public pension has a 7.30 percent target allocation to private equity that currently stands at 7.10 percent.
As illustrated in the charts below, the pension plan has committed to four 2019-vintage private equity vehicles, which combined constitute $702.50 million.
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