Institution: South Carolina Retirement System
Headquarters: Columbia, United States
Allocation to alternatives: 22.37%
South Carolina Retirement System has agreed to commit $75 million to GoldenTree Loan Management II, according to the December report on the pension’s website. The North America-focused fund invests in the origination of subordinated / mezzanine debt.
The $32.52 billion US public pension has a 6.50 percent target allocation to private debt that currently stands at 6.81 percent.
As illustrated below, SCRS has made three commitments to private debt funds with a 2019 vintage, which combined constitute $775 million.
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