Asset Owner Directory

South Carolina Retirement System Investment Commission(RSIC)

The Retirement System Investment Commission (RSIC) has exclusive authority for investing and managing all assets held in trust for the participants and beneficiaries of the five state defined benefit plans, collectively referred to as the (“Retirement System”) or (Systems).

Country

United States

AUM ($B)

$40

Performance

28.57

Chief Executive

Michael Hitchcock

Chief Investment Officer

Geoffrey Berg 

Chair

William Hancock

Asset allocation

47.87% Global Equity

25.48% Bonds

11.63% Real Assets

8.09% Private Equity

6.93% Private Debt

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Investing in private credit brings income and supports capital preservation, but as more investors enter the asset class, competition for assets is set to heat up. Investors from South Carolina Retirement Systems Investment Commission, Investment Management Corporation of Ontario and Ohio School Employees Retirement System explain their approaches.
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Revolutionising private market reporting

Nearly 10 years ago Lorelei Graye was part of the team at South Carolina that pushed for private market reporting transparency. That experience has motivated her to be a part of the solution in heading up the ADS Initiative to develop global data standards for private capital. We look at the journey to get there.
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South Carolina ramps up PE

The $31.3 billion South Carolina Retirement System Investment Commission has launched a co-investment private equity program in a bid to reduce risk and enhance returns. Partnering with Chicago-headquartered GCM Grosvenor, RSIC will tap Grosvenor’s own private equity deal flow, as well as introductions to the manager’s GP network.
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Fiduciary investor think tank – delegate profile

Three finance professors from Stanford University presented their latest papers on active management, private equity and financial regulation, which were debated and work-shopped by US institutional investors in a one-day investment think tank. Chief investment officers from US public and corporate pension funds, endowments and foundations convened at Menlo Park, the home of Stanford University, […]
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Ventures on the risk spectrum

Hershel Harper received an early education in finance when he used to read Business Week in High School. The 43-year old now at the helm of the $27-billion South Carolina Retirement Systems, investing on behalf of South Carolina’s 350,000 public sector workers, says he knew back then he wanted to manage money: “I really am […]