South Dakota Investment Council, Pierre, made two new commitments to buyout funds totaling up to $310 million for the $12.5 billion South Dakota Retirement System.
The council approved commitments of up to $180 million to buyout fund Silver Lake Partners VI and up to $130 million to European buyout fund CVC Capital Partners VIII at its April 16-17 meeting, confirmed Tammy Otten, assistant investment officer, in an email.
The council previously committed up to $200 million each to CVC Capital Partners VII and Silver Lake Partners V, both in 2017.
The minutes also show the council approved making commitments of proportionate amounts to the two new buyout funds on behalf of the $621 million Education Enhancement Trust Fund, the $332 million Dakota Cement Trust Fund, the $317 million School & Public Lands Fund and the $150 million Health Care Trust Fund.
Ms. Otten said the specific amounts will be disclosed after the investments are finalized.