South Carolina invests in opportunistic real estate funds
The $27.3 billion South Carolina Retirement System Investment Commission (RSIC) has committed $75 million each to two separate opportunistic real estate funds.
RSIC, which invests on behalf of the South Carolina Retirement Systems, invested $75 million in Oaktree Real Estate Opportunities Fund VI (ROF VI), managed by Oaktree Capital Management. ROF VI was launched in May 2012 with a $1.5 billion fundraising goal. It will invest in distressed properties in the United States. ROF VI has raised $710 million as of May 17.
In addition, RSIC committed $75 million to Brookfield Strategic Real Estate Partners, managed by