South Carolina Retirement System Investment Commission, Columbia, invested or committed a total of $480 million to five different managers, confirmed Adam Jordan, interim CEO, in an e-mail.
The investment commission, which oversees the $25 billion South Carolina Retirement Systems, committed $150 million to Blackstone Real Estate Partners and $75 million to Torchlight Debt Opportunities Fund IV, a commercial mortgage-backed securities fund. It also committed $105 million to a Highbridge Capital Management commodities fund.
On the fixed-income side, the commission approved investments of $100 million to a Kildonan Castle Asset Management fund and $50 million to Sankaty COPS V, both credit strategies.
The retirement system had about $147 million in the Sankaty COPS IV fund and $97 million in the Torchlight III fund as of June 30, according to the 2011 annual report.
NEPC assisted on all the hires.