South Carolina Retirement System Investment Commission, Columbia, committed up to $305 million to five managers for the $44.9 billion South Carolina Retirement Systems' investment portfolio, according to board documents.
The commission disclosed the commitments, which were made in June and August, at its Sept. 12 meeting.
The largest commitment — up to $100 million — was in real assets to Sculptor Real Estate Fund V, an opportunistic real estate fund managed by Sculptor Capital Management.
In private equity, the commission committed $75 million to Mill Point Capital Partners III, a lower-middle-market buyout fund; $50 million to Avesi Partners Fund II, managed by a private equity firm specializing in healthcare and business services; and $40 million to Kingswood Capital Opportunities Fund III, a buyout fund managed by Kingswood Capital Management.
In private credit, the commission committed $40 million to FP Credit Partners III, a direct lending fund managed by Francisco Partners.
As of June 30, the actual allocation was 43.9% public equity (46% target), 23.8% bonds (26% target), 13.1% private equity (9% target), 10.9% real assets (12% target) and 8.2% private debt (7% target).
