South Carolina Retirement System Investment Commission, Columbia, disclosed $400 million in commitments for the $32.5 billion South Carolina Retirement System's investment portfolio, according to board documents from its Dec. 3 meeting.
The commitments were made in September and October, the largest of which were $100 million commitments each to Grain Spectrum Holdings III, an infrastructure fund focused on the telecommunications sector managed by Grain Management, and Stockbridge Value Fund IV, a diversified U.S. real estate fund managed by Stockbridge Capital Group.
The council also made commitments of $75 million each to opportunistic credit fund Fortress Credit Opportunities Fund V Expansion and direct lending fund Fortress Lending Fund II, both managed by Fortress Investment Group.
Lastly, $50 million was committed to the WestCap Strategic Operator US Feeder Fund, a private equity fund managed by WestCap Group. The commission also has a discretionary arrangement to commit up to an additional $50 million in the WestCap fund if it so chooses, board documents show.