South Carolina Retirement System Investment Commission, Columbia, committed up to $370 million to six funds for the $32.2 billion South Carolina Retirement Systems' investment portfolio, according to board documents published Thursday.
In private equity, the commission committed up to $220 million to three managers. In September, it allocated $50 million to Horsely Bridge XIII Venture, a fund of funds managed by Horsely Bridge Partners. In October, it committed up to $75 million to KPS Special Situations Fund V and up to $20 million to KPS Special Situations Mid-Cap Fund, each with a focus on investments in complex corporate carve-outs, turnarounds, restructurings, bankruptcies and other special situations and managed by KPS Capital Partners.
On Wednesday, the system committed up to $75 million to Brighton Park Capital Fund I, which partners with entrepreneurs and CEOs to invest in market leading software and technology-services companies.
The commission also disclosed two private credit commitments totaling $150 million: a $75 million to a joint venture partnership with FSIC II, a privately traded business development company managed by FS Investments and KKR, and $75 million to GoldenTree Loan Management II, a private credit strategy managed by GoldenTree Asset Management.
