SEARCHES AND HIRES

South Dakota commits to European buyout fund

South Dakota Investment Council, Pierre, committed up to $200 million to European buyout fund CVC Capital Partners VII for the $10.5 billion South Dakota Retirement System, said Tammy V. Otten, assistant investment officer, in an email.

The council at its April 20 meeting also approved committing an appropriate amount to the fund from the $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, but did not specify the specific amounts. Ms. Otten said the amounts will be posted on the council's website.

The council previously committed to CVC European Equity Partners IV and CVC European Equity Partners V. As of June 30, 2016, it had $45 million still invested in those funds, according to the council's most recent annual report.