South Carolina Retirement System Investment Commission v. Loftis

This Court accepted the petition of the South Carolina Retirement Investment Commission (the Commission) in its Original Jurisdiction to determine whether the Commission was entitled to a writ of mandamus requiring respondent, Curtis M. Loftis, Jr., in his capacity as custodian of the South Carolina Retirement Systems Group Trust, to authorize the funding of the Warburg Pincus Private Equity XI, L.P. investment (Warburg Pincus Fund XI). .The Court also agreed to expedite the matter based on the Commission’s assertion that • the failure to fund the investment by April 16, 2013, would cause the…