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.

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