South Carolina RSIC Commits $150M to Private Equity, Private Credit

The South Carolina Retirement System Investment Commission (RSIC) committed a total of $150M to three funds in private equity and private credit, as disclosed in materials for its December 12 commission meeting.

South Carolina RSIC allocated $50M each to D.E. Shaw Diopter Fund II, Unity Partners Fund I, and Eagle Point Defensive Income Fund III in transactions made from late October to December. To date, the pension has invested in all iterations of Eagle Point’s defensive income fund series, beginning with $55M to the inaugural fund in 2021 and $50M to Fund II in 2022, per Dakota data.

As of September 30, South Carolina’s private equity and private credit portfolios are both overweight: its current private equity allocation stands at 12.7% against a 9% target, while private credit is at 7.2% against a 7% target.

Written By: Dakota

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South Carolina RSIC Commits $150M to Private Equity, Private Credit

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