South Dakota commits $112 million to buyout fund

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Aug 02, 2023

South Dakota commits $112 million to buyout fund

South Dakota Investment Council, Pierre, disclosed commitments totaling €100 million ($112 million) to European buyout fund CVC Capital Partners IX. The council disclosed the commitments at its

South Dakota Investment Council, Pierre, disclosed commitments totaling €100 million ($112 million) to European buyout fund CVC Capital Partners IX.

The council disclosed the commitments at its meeting Monday, said Tammy Otten, assistant investment officer, in an email.

SDIC committed €89.7 million for the $14.1 billion South Dakota Retirement System, €4.4 million for the $702 million Education Enhancement Trust Fund, €2.4 million for the $371 million School & Public Lands Fund, €2.2 million for the $359 million Dakota Cement Trust Fund, and €1.3 million for the $212 million Health Care Trust Fund.

The council previously committed a total of $130 million to CVC Capital Partners VIII in 2020.