South Carolina Retirement System Investment Commission, Columbia, approved a commitment of €125 million ($147 million) to Macquarie Super Core Infrastructure Fund, managed by Macquarie Infrastructure and Real Assets, for the $31.1 billion South Carolina Retirement Systems, said spokeswoman LaJoia Broughton in an email.
The commission also presented reports on recently disclosed commitments to two alternatives funds. The pension fund committed $75 million to Providence Strategic Growth III, a lower-middle-market growth equity fund managed by Providence Equity Partners, and $50 million to Industry Ventures Partnership Holdings V, a venture capital fund of funds.
The commission in October approved giving the chief investment officer some delegation authority on making investments, Ms. Broughton said. Investment staff presented reports on the two commitments at the meeting.
The RSIC manages the assets of South Carolina's state pension funds on behalf of the South Carolina Public Employee Benefit Authority, Columbia.