Press Releases

 

State Investment Commission Action on Guns

PROVIDENCE, R.I. The State Investment Commission voted unanimously to begin the process of divesting from a gun distributor (United Sporting Companies) that it is invested in through its private equity portfolio. The following specific actions were taken:

- The State Investment Commission voted to pursue a secondary sale of the Wellspring IV stake. The SIC's consultant, Cliffwater will now seek pricing for the sale.

- The State Investment Commission voted to allow Cliffwater and Treasury's investment division to begin a process to remove the interest in Summit's gun distributor holding from the pension investment portfolio.

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Related links

Department or agency: RI Office of the General Treasurer

Online: http://www.treasury.ri.gov/

Release date: 10-23-2013

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