South Carolina Retirement System Investment Commission, Columbia, committed up to $447 million to four managers for the $41.7 billion South Carolina Retirement Systems, according to board documents.
The largest commitments — each $150 million — were made to KKR Lending Partners IV, a private credit fund managed by KKR & Co., and Polymer Asia (US) Fund, which pursues a fundamentally driven, Asia-focused, equity market-neutral strategy and is managed by Polymer Capital Management, Kara Brurok, RSIC's director of external policy, said in an email.
The commission committed $50 million to Hg Saturn 3, a European large buyout fund and up to €44 million ($47 million) to Hg Genesis 10, a European upper middle-market buyout fund, both managed by Hg Capital.
It also committed $50 million to Asana Partners Fund III, a value-add real estate fund.
The commission disclosed the commitments, which were made in March and April, at its April 21 meeting.
