---
title: South Carolina Retirement Commits $255M to Private Credit, Private Equity
description: South Carolina Retirement Commits $255M to Private Credit, Private Equity.
image: https://dakotafunds.com/hubfs/Imported_Blog_Media/david-martin-q86md0sqdBA-unsplash-1.jpg
---

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# South Carolina Retirement Commits $255M to Private Credit, Private Equity

**Written by: ** John Washington, Data Research Analyst 

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The South Carolina Retirement System (RSIC) has disclosed five new investments totaling up to $255 million according to meeting materials from the March 2 board meeting. 

In private credit, $75 million was committed to GoldenTree Loan Management III. In addition, $50 million was committed to Fortress Lending Fund III. 

Within private equity, $50 million was committed to the buyout fund, Gemspring Capital Fund III. Up to $30 million was committed to the buyout fund, Hg Mercury 4. Lastly, up to $50 million was committed to the buyout fund, Alpine Investors IX. 

As of December 31, 2022, the $38 billion pension fund allocates 9.7% to private debt and 15.4% to private equity. The target allocations for private debt and private equity are 7% and 9% respectively.

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 Tags: [Credit](https://dakotafunds.com/dakota-funds/tag/credit), [Pension Funds](https://dakotafunds.com/dakota-funds/tag/pension-funds), [Alternative Insights](https://dakotafunds.com/dakota-funds/tag/alternative-insights), [Private Equity](https://dakotafunds.com/dakota-funds/tag/private-equity)

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