SCRS commits up to $75m to Stockbridge Value Fund V

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

-

Institution: South Carolina Retirement System
Headquarters: Columbia, United States
AUM: $38.16 billion
Allocation to alternatives: 26%

South Carolina Retirement System reported a commitment of up to $75 million to Stockbridge Value Fund V during its April commission meeting.

Stockbridge‘s fifth value fund will continue to focus on investing in value-added opportunities across various sectors in North American markets. SCRS previously made a $100 million commitment to Stockbridge Value Fund IV.

The pension fund’s real estate commitments have tended to focus on global vehicles that use a value-add or opportunistic strategy, as seen in the table below showing SCRS’s five most recent real estate commitments.

Platinum subscribers may click here for the investor’s full profile, including key contacts, allocation strategy and fund investments.