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South Carolina Retirement Systems
The South Carolina Public Employee Benefit Authority (PEBA) administers South Carolina's public employee retirement systems and employee insurance programs.
South Carolina Retirement Systems
The South Carolina Public Employee Benefit Authority (PEBA) administers South Carolina's public employee retirement systems and employee insurance programs. PEBA covers nearly 700,000 public employees across five defined benefit retirement plans, including the South Carolina Retirement System (SCRS). The SC Retirement System Investment Commission (RSIC) manages assets for over 630,000 plan participants.
General information
Firm type
Pension Fund
Year founded
—
AUM
$34.6B (Altss estimate)
Location
Region
North America
Country
United States
City
Columbia
Corporate office
Columbia, South Carolina, United States
Principals
Michael Hitchcock
Chief Executive Officer, RSIC
Bryan W. Moore
Interim Chief Investment Officer, RSIC
William H. Hancock
Chairman of the Commission
Peggy Boykin
Executive Director, PEBA
Curtis Loftis
South Carolina State Treasurer
Sector focus
Frequently asked questions
Who runs investment decisions at South Carolina Retirement Systems?
Bryan W. Moore serves as interim Chief Investment Officer, stepping into the role in 2025 after predecessor Geoffrey Berg departed. The Investment Commission, chaired by William H. Hancock, provides fiduciary oversight. CEO Michael Hitchcock leads RSIC's executive operations.
Is South Carolina Retirement Systems a single family office or a public pension?
It is a state public pension fund. The South Carolina Public Employee Benefit Authority administers five defined benefit plans covering nearly 700,000 members, and the RSIC manages the assets.
Does South Carolina Retirement Systems invest directly or through funds?
The fund primarily commits to external managers. Its real asset positions sit in vehicles like Carlyle Realty Partners X, Brookfield Strategic Real Estate Partners V, and EQT Exeter Industrial Value Fund VI, while a separate portable-alpha allocation taps hedge fund strategies.
What real estate exposure does the fund carry?
Real estate commitments span mixed-use, commercial, and industrial properties through Carlyle, Brookfield, Blackstone, Sculptor, and EQT Exeter funds. Geographies reach the United States, Canada, and select global markets.
How is the state treasurer involved in the pension?
South Carolina State Treasurer Curtis Loftis holds an ex-officio role, sitting on the commission that oversees the investment arm. This embeds direct state fiscal governance into the fund's structure.
What is the fund's posture on co-investments?
No disclosed co-investment program appears in its public materials. The portfolio visible through external filings is fund-commitment driven, with real estate, private credit, and hedge fund allocations executed via third-party managers.
Does South Carolina Retirement Systems maintain any philanthropic vehicles?
No. The fund operates solely as a public pension, and Altss research identifies no affiliated foundation, charitable trust, or operating business attached to the retirement system.
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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