SCRS approves $100m commitment

The US public pension has backed a North America-focused infrastructure vehicle.

Institution: South Carolina Retirement System
Headquarters: Columbia, United States
AUM: $32.49 billion
Allocation to alternatives: 28%

South Carolina Retirement System has confirmed a $100 million commitment to Grain Spectrum Holdings III, according to minutes from its December 2020 investment commission meeting.

The fund is managed by Grain Management and will invest in unlisted equity across various sectors in North American markets.

The $32.49 billion US public pension has a 3 percent allocation to infrastructure. As illustrated, SCRS has made five commitments totaling $676.8 million to infrastructure vehicles.

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