SCRS confirms $75m commitment

The US public pension has backed Stonepeak's fourth unlisted equity fund.

Institution: South Carolina Retirement System
Headquarters: Columbia, US
AUM: $39.72 billion
Allocation to alternatives: 17.7%

South Carolina Retirement System has made a $75 million commitment to Stonepeak Infrastructure Fund IV, according to minutes from the pension’s December commission meeting.

Stonepeak’s fourth fund will invest into a variety of sectors including energy, transport and utilities and currently has $11.5 billion in third-party capital committed at second close.

The $39.2 billion pension has a 9.6 percent allocation to private equity. SCRS’s private equity fund commitments tend to focus on global vehicles with diversified strategies and sector focus.

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