Rhode Island State Investment Commission

About Rhode Island State Investment Commission

Rhode Island State Investment Commission's investment portfolio is valued at $11.03 billion as of April 30, 2024, with investments in equities, fixed income, infrastructure, real estate, hedge funds, private equity, natural resources, and cash. As of April 30, 2024, the fund's composite return for 1 year, 3 years, 5 years, and 10 years was 9.6%, 5.9%, 8.7%, and 7.3%, compared to the benchmark return of 8.5%, 4.3%, 7.7%, and 6.6%, respectively. As of April 30, 2024, the private equity portfolio was valued at $1.76 billion, representing 16% of the total portfolio. The private equity portfolio is currently overweight compared to the target allocation of 12.50%. Investments in private equity including buyouts, co-investment, private debt, direct lending, private equity growth expansion, distressed debt, secondaries, and venture capital fund strategies diversified in geographical locations across the globe. As of April 30, 2024, the real assets portfolio was valued at $451.5 million. The plan's investments are managed by the investment commission members, with Hon. James Diossa serving as Chairman of the State Investment Commission and General Treasurer, the State of Rhode Island. Cliffwater and Russell Investments are the LP Consultants.