South Carolina Retirement System Investment Commission, Columbia, committed $140 million to three alternatives funds for the $44 billion South Carolina Retirement Systems' investment portfolio, according to board documents.
In private equity, the commission committed $50 million to HighVista Private Equity X, a lower-middle-market private equity fund managed by HighVista Strategies, and $50 million to Paceline Equity Partners Opportunity Fund II, a vintage credit special situations fund.
The commission also committed $40 million to Peppertree Capital Fund X, an infrastructure fund managed by Peppertree Capital Management.
The commitments were made in April and May.
As of March 31, the commission's actual allocation was 44.5% public equity (46% target), 23.1% bonds (26% target), 13% private equity (9% target), 10.9% real assets (12% target) and 8.5% private debt (7% target).
