South Carolina Retirement System Investment Commission, Columbia, committed up to $350 million to four alternatives managers for the $39.7 billion South Carolina Retirement Systems' investment portfolio, according to board documents.
The commission disclosed the commitments, which were made in October and November, at its Dec. 2 meeting.
They include up to $100 million to Blackstone Strategic Partners Fund IX, a secondaries fund managed by Blackstone Group.
A $100 million commitment was also made to KKR Asset-Based Finance Partners, a private credit fund managed by KKR & Co. that invests across multiple credit market segments, such as consumer/mortgage finance, contractual cash flows, hard assets and small-medium enterprises.
The commission committed $75 million to Great Hill Equity Partners VIII, a buyout fund managed by Great Hill Partners, and up to $75 million to Stonepeak Infrastructure Fund IV run by core-plus and value-added manager Stonepeak Infrastructure Partners.
The commission manages the assets of South Carolina's state pension funds on behalf of the South Carolina Public Employee Benefit Authority, Columbia.