South Carolina Retirement backs Equus Capital

The US pension has backed Equus's latest value-add vehicle.

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Institution: South Carolina Retirement System
Headquarters: Columbia, US
AUM: $38.3 billion

South Carolina Retirement System has confirmed a $75 million commitment to Equus Capital Partners’ private real estate fund, according to minutes from the pension’s September commission meeting.

The fund, Equus Investment Partnership XII, will focus on opportunities across North America and will be seeking value-add returns. This commitment is SCRS’s first known commitment to an Equus Capital managed fund.

As illustrated below, the pension’s real estate commitments have tended to focus on global vehicles targeting value-add or opportunistic returns.

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