SDIC approves $250m to private equity

South Dakota backs Silver Lake's latest buyout vehicle by approving $250m.

Institution: South Dakota Investment Council
Headquarters: Sioux Falls, US
AUM: $18.5 billion
Allocation to alternatives: 31.1%
Bitesize: $100 million-$200 million

South Dakota Investment Council has approved $250 million-worth of commitments to Silver Lake‘s seventh buyout and corporate equity fund, according to pension’s latest board meeting minutes.

Silver Lake had closed Silver Lake VI fund in December 2020 after amassing $20 billion in capital commitments, comfortably surpassing the $18 billion target size.

The $18.5 billion US public pension fund currently allocates 10.90 percent of its portfolio to private equity. The target size for the asset class remains undisclosed for now. As illustrated below, South Dakota Investment Council’s latest fund commitments have a propensity towards buyout and corporate equity vehicles globally.

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