SCRS approves $75m commitment

The US public pension has backed a domestic private debt fund.

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Institution: South Carolina Retirement System
Headquarters: Columbia, United States
AUM: $32.52bn
Allocation to alternatives: 22.37%
Bitesize: $100-200m

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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