SCRS approves $50m commitment

The US pension has backed a North American real estate vehicle.

Institution: South Carolina Retirement System
Headquarters: Columbia, US
AUM: $41.65 billion
Allocation to Alternatives: 20.1%

South Carolina Retirement System has confirmed a $50 million commitment to Asana Partners Fund III, according to minutes from the pension’s April 2022 commission meeting.

Fund III, managed by Asana Partners, is targeting value-add opportunities in North America and has raised around $1.5 billion.

The $41.65 billion US public pension’s real estate fund commitments tend to focus on North America vehicles targeting value-add returns.

 

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