South Carolina RS Commits $140M to Private Equity, Private Credit

The South Carolina Retirement System has approved a total of $140 million in commitments to private equity and private credit, per meeting materials from the June 13th board meeting. 

$40 million was allocated to Peppertree Capital Fund X, a private equity fund focused on infrastructure development. 

Also in private equity, $50 million was allocated to HighVista Private Equity X.

Lastly, a $50 million commitment was made to Paceline Equity Partners Opportunity Fund II, a private credit fund. 

As of March 31, the Retirement Fund was valued at $44 billion, allocating 13% to private equity and 8.5% to private credit. 

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Written By: Jane Bailey, Marketing Associate

Jane Bailey is a Marketing Associate at Dakota.