South Carolina pension completes private investment spree

The South Carolina Retirement System Investment Commission (RSIC) has had a busy autumn regarding new commitments to private investment funds.

During late September/early December, the approximately $40 billion public retirement fund awarded approximately $350 million to four funds.

RSIC made commitments to the tune of  $175 million to private equity, comprising a $75 million allocation to Great Hill Equity Partners VIII in October, and an allocation of up to $100 million to Blackstone Strategic Partners IX in November.

Regarding private credit, it awarded $100 million to KKR Asset-Based Finance Partners . . .

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Mark Fortune

Mark Fortune has more than 30 years of experience as a financial writer and editor, with a focus on institutional investment management. He has worked in various editorial roles at organizations that include Institutional Investor, Pageant Media, Markets Group and, most recently, at New York investment management firm Cohen & Steers.
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