Rhode Island State Treasury approves $30m commitment

The US public pension has backed a North America-focused private debt fund.

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Institution: Rhode Island State Treasury
Headquarters: Providence, United States
AUM: $8.55bn
Allocation to alternatives: 18.60%
Bitesize: $10-50m

Rhode Island State Treasury has agreed to commit $30 million to Shamrock Capital Content Fund II, according to the pension’s December meeting minutes.

The $8.55 billion US public pension has a 2.0 percent allocation to private debt.

As illustrated below, the state treasury has made four commitments to private equity funds with a 2018 or 2019 vintage, which combined constitute $115 million.

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