South Dakota Investment Council approves $75m commitment

The US public pension has backed Lone Star's sixth real estate-focused distressed debt fund.

Institution: South Dakota Investment Council
Headquarters: Sioux Falls, United States
AUM: $13.86bn
Allocation to alternatives: 16.10%
Bitesize: $100-200m

South Dakota Investment Council has agreed to commit $75 million to Lone Star Real Estate Fund VI, according to the pension’s latest board meeting minutes.

The $13.86 billion US public pension has a 1.60 percent current allocation to private debt.

As illustrated in the charts below, South Dakota is a repeat investor to this series of debt funds, having committed to Lone Star Real Estate Funds II through VI.

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