FUNDRAISING NEWS | September 17, 2024
The South Carolina Retirement System Investment Commission (RSIC) reported making five commitments totaling up to $305M across private equity, private credit, and real assets, in materials related to its September 12 commission meeting.
The investments were made between June and August and follow on $140M in commitments the South Carolina RSIC made to private equity and private credit, as previously reported by Dakota.
In private equity, the pension committed $50M to Avesi Partners Fund II, $40M to Kingswood Capital Opportunities III, and $75M to Mill Point Capital Partners III.
In private credit, the South Carolina RSIC committed $40M to FP Credit II, and in real assets it will invest up to $100M in Sculptor Real Estate V.
Per Dakota data, the South Carolina RSIC manages $44B in assets. As of June 30, the pension system allocated approximately 13.1% to private equity with a policy target of 9%, approximately 8.2% to private credit with a target of 7%, and approximately 10.9% to real assets against a target of 12%.
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Helen Bascom is a Marketing Associate at Dakota.
