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South Dakota Investment Council slates $250 million for buyout, energy funds

South Dakota Investment Council, Pierre, made two new commitments totaling up to $250 million, said recently released council meeting minutes.

The council committed up to $200 million to Silver Lake Partners V, a buyout fund. The council previously committed up to $150 million to Silver Lake Partners IV in February 2013.

The council also committed up to $50 million to EnCap Energy Capital Fund XI, an oil and gas fund managed by EnCap Investments. It is the first EnCap commitment for the council.

The South Dakota Investment Council oversees investment management of the $10.5 billion South Dakota Retirement System, $508 million Education Enhancement Trust Fund, $295 million Dakota Cement Trust Fund, $260 million School & Public Lands Fund and $133 million Health Care Trust Fund.

Tammy V. Otten, assistant investment officer, could not be immediately reached for further information.