South Carolina Retirement System Investment Commission, Columbia, approved a commitment of $200 million to Owl Rock Capital Corp. for the $31.1 billion South Carolina Retirement Systems.
Owl Rock, a business development company managed by Owl Rock Capital Partners, specializes in making loans to middle-market companies in the U.S. across various sectors.
RSIC commissioners approved the commitment at a meeting Thursday, said spokeswoman LaJoia Broughton in an email.
The RSIC manages the assets of South Carolina's state pension funds on behalf of the South Carolina Public Employee Benefit Authority, Columbia.
