South Carolina Retirement System Investment Commission committed $125 million to debt fund Brookfield Capital Partners IV at a special meeting Tuesday.
Commissioners accepted the recommendation of its internal investment staff to make the commitment from the $29.3 billion state pension fund, said Danny Varat, an investment commission spokesman, in an e-mail.
The Brookfield Capital Partners fund will invest in North American midmarket companies that are experiencing short-term financial or operational problems. The investment focus will be on industrial products, building materials, metals and mining, home-building, financial services, forest products, oil and gas, and manufacturing sectors.
In April, the investment commission committed $75 million to Brookfield Strategic Real Estate Partners II, a global opportunistic fund that seeks commercial investment properties.
The state pension fund is administered by the South Carolina Public Employee Benefit Authority. Both state entities are based in Columbia.