Rhode Island State Investment Commission, Providence, at its Wednesday meeting approved commitments to two alternatives managers totaling $100 million, said Evan England, spokesman for state Treasurer Seth Magaziner, who oversees the commission.
The investment commission committed $50 million to Owl Rock Capital Corp., managed by Owl Rock Capital Partners. Owl Rock is a business development company that specializes in making loans to middle-market companies in the U.S. across various sectors.
The commission also approved a $50 million commitment to Carlyle Asia Partners V, an Asia buyout fund managed by Carlyle Group.
The commitments are subject to successful contract negotiations.
The investment commission manages the assets of the $8 billion Rhode Island Employees' Retirement System, Providence.