South Carolina commits $200m to two funds
The South Carolina Retirement System Investment Commission has committed a total of $200 million to real estate and debt funds on behalf of the $29.2 billion South Carolina Retirement System, according to a board meeting webcast.
The commission committed $100 million each to Crow Holdings Realty Partners VII and Torchlight Debt Opportunity Fund V.
Crow Holdings Realty Partners VII, sponsored by Crow Holdings, is seeking up to $1.5 billion in equity commitments and targets multifamily, retail and industrial properties. The fund has received commitments from the Teachers’ Retirement System of Louisiana, the Connecticut Retirement Plan and Trust Funds, the Houston Municipal Employees’ Pension System