Rhode Island State Investment Commission

About Rhode Island State Investment Commission

Rhode Island State Investment Commission is a public pension fund with an investment portfolio valued at $11.03 billion as of April 30, 2024, placed in equities, fixed income, infrastructure, real estate, hedge funds, private equity, natural resources, and cash. At that date, the fund's composite returns over 1 year, 3 years, 5 years, and 10 years were 9.6%, 5.9%, 8.7%, and 7.3%, against benchmark returns of 8.5%, 4.3%, 7.7%, and 6.6%, respectively. Also as of April 30, 2024, the private equity portfolio was worth $1.76 billion, or 16% of the total portfolio, which is overweight relative to the 12.50% target allocation. Private equity investments include buyouts, co-investment, private debt, direct lending, private equity growth expansion, distressed debt, secondaries, and venture capital fund strategies, diversified geographically across the globe. The real assets portfolio was valued at $451.5 million as of April 30, 2024. Investment commission members manage the plan's investments. Hon. James Diossa chairs the State Investment Commission and is General Treasurer of the State of Rhode Island. Cliffwater and Russell Investments act as LP Consultants.

Real estate mandate

Contacts at Rhode Island State Investment Commission