South Dakota Investment Council approves €90m commitment

The US public pension has backed Cinven's seventh series buyout fund.

Institution: South Dakota Investment Council
Headquarters: Sioux Falls, United States
AUM: $13.86bn
Allocation to alternatives: 16.10%
Bitesize: $100-200m

South Dakota Investment Council has agreed to commit €90 million to The Seventh Cinven Fund, according to the pension’s latest board meeting minutes. The fund is focusing on pan-European buyouts.

The $13.86 billion US public pension has a 7.90 percent current allocation to private equity.

As illustrated in the charts below, the pension fund has committed to one other fund with a 2018 vintage: $100 million to Blackstone Energy Partners III.

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