South Carolina Retirement System Investment Commission, Columbia, committed a total of $260 million to two private equity funds for the $47.1 billion South Carolina Retirement Systems' investment portfolio, according to board documents.
The commission disclosed the commitments, which were made in December, at its Feb. 13 meeting.
The commission committed $200 million to Cendana Sandstorm, a fund of funds managed by Cendana Capital, and $60 million to Falfurrias Capital Partners VI, a buyout fund managed by Falfurrias Management Partners.
As of Sept. 30, the commission's actual allocation was 44.6% public equity (46% target), 25% bonds (26% target), 12.7% private equity (9% target), 10.5% real assets (12% target) and 7.2% private debt (7% target).
