Rhode Island approves $30m commitment

Employees’ Retirement System of Rhode Island has backed Shamrock Capital's private equity debt fund.

  • Name: Rhode Island State Treasury
  • HQ: Providence, United States
  • AUM: $10.6bn
  • Allocation to alternatives: 25.9%

Rhode Island State Treasury committed $30 million to Shamrock Capital Content Fund III, according to its 22 June investment meeting.

Rhode Island State Treasury administers and manages investments on behalf of the Employees’ Retirement System of Rhode Island (ERSRI).

Founded in 1978, Shamrock Capital Advisors is a Los Angeles-based investment firm that targets the media, entertainment and communications sectors across the US.

Rhode Island State Treasury has a 14 percent allocation to private equity, which comprises $1.5 billion in capital. Rhode Island State Treasury currently has a target allocation of 12 percent to the asset class.

As illustrated below, ERSRI’s recent private equity commitments are mainly focused on the North American region.

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