SCRS continues to back Industry Ventures

South Carolina Retirement System has committed to the VC-focused firm's 10th flagship secondaries vehicle.

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Institution: South Carolina Retirement System
Headquarters: Columbia, US
AUM: $38.16 billion
Allocation to alternatives: 35.9%

South Carolina Retirement System has made a new commitment of up to $75 million to Industry Ventures Secondary X, according to their recent commission meeting documents.

Industry Ventures’ latest fund will continue to invest in secondaries markets in North America with a focus on venture capital vehicles.

SCRS has previously committed to Industry Ventures Secondary VII and other secondaries funds by Industry Ventures, such as Industry Ventures Partnership Holdings VI and Industry Ventures Special Opportunities Fund II.

The public pension fund’s recent secondaries commitments have also predominantly been focused on the North American region, as illustrated below.

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