SCRS confirms $100m commitment

The US public pension has backed a CLO vehicle.

Institution: South Carolina Retirement System
Headquarters: Columbia, United States
AUM: $28.19 billion
Allocation to alternatives: 26.0%

South Carolina Retirement System approved a $100 million commitment to Eagle Point Credit Partners in May 2020, according to materials from the pension’s June investment commission meeting.

The fund manager in question, Eagle Point Credit Management, specialises in CLOs on both the debt and equity side.

The $28.19 billion US public pension has a 7.9 percent current and target allocation to private debt.

As illustrated below, SCRS tends to focus its private debt commitments on vehicles targeting senior lending in North America.

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