SCRS approves $100m commitment

The US pension has backed a North American private debt vehicle.

Institution: South Carolina Retirement System
Headquarters: Columbia, US
AUM: $30.98 billion
Allocation to private debt: 7.4%

South Carolina Retirement System has agreed to commit $100 million to Eagle Point Credit Partners, according to minutes from the pension’s September 2020 commission meeting.

The $30.98 billion US public pension has a 7.4 percent actual and target allocation to private debt.

As illustrated below, SCRS’s private debt fund commitments tend to target vehicles with a senior debt strategy.

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