South Dakota Investment Council

South Dakota Investment Council

The South Dakota Retirement System was established in 1974 to deliver retirement, disability and survivor benefits. Matthew L. Clark serves as State Investment Officer. The council invests assets on behalf of the plan, which draws funding from contributions and returns. Allocations include an 11 percent weighting to private equity against a 6 percent target. Confirmed commitments cover Blackstone Real Estate Partners Europe VI, Lone Star Real Estate Fund VI, LBA Logistics Value Fund X, The Seventh Cinven Fund, R-Bridge Healthcare Fund II, Oaktree Power Opportunities Fund VII, Linden Capital Partners VI and H.I.G. Europe Middle Market LBO Fund II. Public equity holdings reported in 13F filings include positions in Microsoft, NVIDIA and Apple. The geographic reach spans the United States and Europe. The council reports 14,900 million dollars under management. It maintains memberships in the Institute for Limited Partners Association, Pacific Pension Institute, National Association of State Investment Officers and CFA Institute. Matthew L. Clark participates in the NCTR Annual Conference and the Chief Investment Officer Profile Series. No operational events from the last 24 months appear in available records. The council functions as an internal investment office for a single public pension plan rather than a multi-client platform. Governance ties the investment function directly to the South Dakota Retirement System board and state treasurer through ex-officio membership.