South Carolina Retirement System Investment Commission

About South Carolina Retirement System Investment Commission

South Carolina Retirement System Investment Commission is a public pension fund with a portfolio worth $44.9 billion as of June 30, 2024, invested in private equity, real estate, hedge funds, infrastructure, real assets, natural resources, publicly traded equities, fixed-income securities, cash and other alternative asset classes. Returns for the quarter, 1 year, 3 years, 5 years and 10 years were 3.69%, 11.61%, 7%, 8.33% and 6.86%, against benchmark returns of 3.53%, 10.53%, 4.35%, 7.05% and 6.17%, respectively. On March 31, 2024, the private equity portfolio was worth $9.46 billion, or 21.5% of the total portfolio, including $3.74 billion in private debt strategies. That allocation rose from December 31, 2023, when $9.42 billion was allocated to private equity. The portfolio is overweight against the 16% target allocation. Private equity investments cover buyout, co-investment, mezzanine, private debt, fund of funds, secondary, diversified private equity, private equity growth expansion and venture capital strategies. On March 31, 2024, the real asset portfolio was worth $4.79 billion. The executive management team governs the fund's investments, with Mr. Geoffrey Berg as Chief Investment Officer. Verus Advisory, Inc. and Albourne America, LLC act as LP consultants.

Real estate mandate

Contacts at South Carolina Retirement System Investment Commission