South Carolina Retirement System Investment Commission

About South Carolina Retirement System Investment Commission

South Carolina Retirement System Investment Commission's investment portfolio is valued at $44.9 billion as of June 30, 2024, with investments in private equity, real estate, hedge funds, infrastructure, real assets, natural resources, publicly traded equities, fixed-income securities, cash, and other alternative asset classes. Its returns for the quarter, 1 year, 3 years, 5 years, and 10 years returns are 3.69%, 11.61%, 7%, 8.33%, and 6.86% as compared to the benchmark returns of 3.53%, 10.53%, 4.35%, 7.05%, and 6.17%, respectively. As of March 31, 2024, the private equity portfolio was valued at $9.46 billion representing 21.5% of the total portfolio. The private equity allocation consists of $3.74 billion invested in private debt strategies. This is an increase in allocation compared to December 31, 2023, when the portfolio had $9.42 billion allocated to private equity. The private equity portfolio is overweight as compared to the target allocation of 16%. Investments in private equity include buyout, co-investment, mezzanine, private debt, fund of funds, secondary, diversified private equity, private equity growth expansion, and venture capital strategies. As of March 31, 2024, the real asset portfolio was valued at $4.79 billion. The fund's investments are governed by the executive management team, with Mr. Geoffrey Berg serving as Chief Investment Officer. Verus Advisory, Inc. and Albourne America, LLC serve as LP consultants.