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South Carolina Judges & Solicitors Retirement System (JSRS)
South Carolina Judges & Solicitors Retirement System (JSRS) — a public pension fund for SC judges and solicitors, managed by RSIC with CIO Bryan W. Moore.
South Carolina Judges & Solicitors Retirement System (JSRS)
South Carolina Judges & Solicitors Retirement System (JSRS) is a defined-benefit pension plan for the state's judges, solicitors, and their beneficiaries. The fund’s assets are invested exclusively by the South Carolina Retirement System Investment Commission (RSIC), a separate state agency created to consolidate and professionally manage pension trust assets. The system was established by state statute and is administered by the South Carolina Public Employee Benefit Authority (PEBA), which oversees contributions, benefits, and member services. RSIC allocates JSRS capital across a multi-asset strategy that, based on public filings and investment manager relationships, includes direct real estate, private equity, fixed income, and public equities. Known real estate positions include the Morgan Stanley Prime Property Fund, Blackstone Property Partners, Brookfield Strategic Real Estate Partners II, Carlyle Realty Partners X, EQT Exeter Industrial Value Fund VI, and Sculptor Real Estate V—a mix of core, value-add, and opportunistic strategies. The commission also commits to infrastructure funds, such as Peppertree Capital Fund X, with a footprint in North America and select global markets. Michael Hitchcock serves as CEO of RSIC, overseeing a staff that manages roughly $40B in combined state pension assets (per RSIC official communications). Bryan W. Moore, appointed permanent CIO in October 2025, leads the investment team's day-to-day decisions. RSIC maintains its headquarters in Columbia, South Carolina, with no disclosed satellite offices. The commission’s governance structure includes an appointed board chaired by William H. Hancock, and JSRS is one of several state retirement systems under RSIC’s management. JSRS differs from most public pensions in that it serves a narrow, statutorily defined membership—South Carolina judges and solicitors—rather than all state employees. The system’s assets are pooled with other state pension funds for investment efficiency through RSIC, but benefit liabilities and funding are tracked separately. The fund is closed to new members since a 2017 reform, meaning assets will eventually wind down as obligations are paid.
General information
Firm type
Pension Fund
Year founded
—
AUM
Undisclosed
Location
Region
North America
Country
United States
City
Columbia
Corporate office
Columbia, SC, United States
Principals
Michael Hitchcock
CEO of South Carolina Retirement System Investment Commission (RSIC)
Bryan W. Moore
CIO of RSIC
William H. Hancock
Chairman of the Retirement System Investment Commission
Sector focus
Frequently asked questions
Who makes investment decisions for JSRS?
The South Carolina Retirement System Investment Commission (RSIC) has exclusive authority over JSRS assets. CEO Michael Hitchcock oversees the agency, while CIO Bryan W. Moore leads portfolio allocation and manager selection. Their decisions are subject to oversight by RSIC's board, chaired by William H. Hancock (public record).
What types of investments does JSRS hold?
Based on publicly recorded partnerships, JSRS capital is allocated through RSIC to real estate funds managed by Morgan Stanley, Blackstone, Brookfield, Carlyle, EQT Exeter, and Sculptor Real Estate. The system also holds infrastructure commitments like Peppertree Capital Fund X. This suggests a focus on income-generating real assets alongside traditional equities and fixed income.
Is JSRS a closed pension fund?
Yes. South Carolina enacted pension reform in 2017 that closed JSRS to new members. Future obligations will be paid from existing assets and contributions, with the system eventually winding down as current judges and solicitors retire or separate service.
How is JSRS funded?
The system is funded through employee contributions from judges and solicitors, as well as employer contributions from the state of South Carolina. These funds are pooled with other state pension assets and invested by RSIC to generate returns that support benefit payments.
Does JSRS invest directly or through external managers?
RSIC primarily allocates capital through external investment managers, partnerships, and commingled funds. The real estate portfolio alone involves at least seven separate fund relationships with institutional firms. Direct co-investments are possible but not publicly emphasized.
What is the relationship between JSRS and RSIC?
RSIC is the investment manager for JSRS and several other South Carolina public pension systems. While JSRS is a separate legal trust with its own membership and liabilities, RSIC consolidates its assets for investment purposes to achieve scale and professional management. PEBA administers benefit payments and member services.
Where does JSRS's real estate portfolio focus geographically?
The known property fund investments span US domestic assets (Morgan Stanley Prime Property Fund, Blackstone Property Partners, Carlyle Realty Partners X, etc.) and global allocations through Brookfield Strategic Real Estate Partners. Specific property types include mixed-use, industrial, and commercial properties.
Profile maintained by Altss using OSINT (open-source intelligence), regulatory filings, licensed data partners, and verified direct submissions. Read the methodology. Last updated: . Continuous refresh with full update cycles at least every 30 days.
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