Institution: South Carolina Retirement System
Headquarters: Columbia, US
AUM: $38.16 billion
Allocation to alternatives: 34%
South Carolina Retirement System announced commitments that were made between 1 June and 13 September 2023 during its recent commission meeting.
Banner Ridge Secondary Fund V has a target size of $1.4 billion and has held a first close on $2 billion in August this year. Its predecessor raised $1 billion closing above its target of $600 million.
The $38.16 billion pension fund’s recent secondaries commitments have been focused on the North America region, as illustrated below.
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