Pension Funds

South Carolina looking to add 2 investment officers to private markets team

South Carolina Retirement System Investment Commission, Columbia, is searching for two investment officers to expand the team overseeing the private markets investments of the $31.1 billion South Carolina Retirement Systems.

Successful candidates will be responsible for research, manager sourcing, analysis, monitoring and reporting for the pension fund's $1.9 billion private debt portfolio, which includes mezzanine, direct lending and distressed strategies, and the $2.3 billion private equity allocation, which includes venture capital, buyout and growth equity.

RSIC investment officials are open-minded about hiring experienced or junior-level investment officers, said Brittany Storey, RSIC's human resources manager. "We want to put this search out there and see what kinds of applicants we get," Ms. Storey said, adding that "we want a good mix, which might mean hiring a senior and a junior manager or two middle-level officers. The most important thing for us is that team members work well together."

The previous private debt director, whom Ms. Storey declined to name, left the commission in March. The new hires are not a direct replacement, she said, and will join an existing junior investment officer on the team.

Information is available on the RSIC website. The deadline to apply is Jan. 31.

The RSIC manages the assets of South Carolina's state pension funds on behalf of the South Carolina Public Employee Benefit Authority, Columbia.