News & Analysis

South Carolina Retirement System bolsters private debt portfolio

The US public pension has committed to two Europe-focused debt funds.

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Institution: South Carolina Retirement System
Headquarters: Columbia, US
AUM: $38.2 billion
Allocation to private equity: 9.7%

South Carolina Retirement System has announced $125 million in commitments across two private debt funds, according to minutes from the pension’s March 2023 commission meeting.

Between November and December, SCRS committed $50 million to Fortress Lending Fund III and $75 million to GoldenTree Loan Management III. Both funds will invest in the corporate sector in North America.

The $38.2 billion US public pension’s private equity fund commitments tend to focus on diversified global vehicles targeting buyout or debt returns.

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