South Carolina Retirement System has approved four infrastructure and real estate commitments worth $400m (€387m) in total, according to the pension fund’s meeting document.
The $40bn pension fund disclosed that it placed $100m into Brookfield Infrastructure Fund V, a Brookfield-managed global infrastructure fund seeking a $25bn capital raise.
South Carolina Retirement System also disclosed that it has added $100m to its $383m real estate investment trust (REIT) portfolio. According to the pension fund, the REIT portfolio’s net returns have outperformed the FTSE NAREIT Equity REIT Index for every time period.
The pension fund has also made a $100m commitment each into the Blackstone Real Estate Partners X and EQT Exeter Industrial Value Fund VI value-add funds.
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