Institution: South Carolina Retirement System
Headquarters: Columbia, United States
Allocation to alternatives: 20.90%
South Carolina Retirement System (SCRS) has agreed to commit $100 million to Blackstone Real Estate Partners IX, an opportunistic fund which invests globally.
The $29.26 billion US public pension has a 9.10 percent target allocation to real estate that currently stands at 9.40 percent.
As illustrated in the chart below, SCRS made three commitments to funds focused on real estate in 2018, which combined constitute $325 million.
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