DakotaLogo2024
DakotaLogo2024
Book a Demo
Book A Demo

FUNDRAISING NEWS | March 17, 2023

South Carolina Retirement Commits $255M to Private Credit, Private Equity

Tags: Pension Funds, Alternative Insights, Private Equity, Credit

The South Carolina Retirement System (RSIC) has disclosed five new investments totaling up to $255 million according to meeting materials from the March 2 board meeting. 

In private credit, $75 million was committed to GoldenTree Loan Management III. In addition, $50 million was committed to Fortress Lending Fund III. 

Within private equity, $50 million was committed to the buyout fund, Gemspring Capital Fund III. Up to $30 million was committed to the buyout fund, Hg Mercury 4. Lastly, up to $50 million was committed to the buyout fund, Alpine Investors IX. 

As of December 31, 2022, the $38 billion pension fund allocates 9.7% to private debt and 15.4% to private equity. The target allocations for private debt and private equity are 7% and 9% respectively.

For more public pension insights and a comprehensive library of public plan minutes, we would love to offer you a free trial of Dakota Marketplace!

New call-to-action

Written By: John Washington, Data Research Analyst

John Washington is the Data Research Analyst at Dakota.

logo-1

The Database For Cold Outreach to Reach Institutional and RIA Investors

Book A Demo

Address

925 West Lancaster Ave
Suite 220
Bryn Mawr, PA 19010
Tel: (610) 642-1481 

Products & Services

Resources

Podcasts

Events

Company

© Dakota 2025 | Terms of Use | Privacy Policy