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Compensation Committee (Chair Kelly Meiners) reviewed its April 8, 2026 recommendation to the LRC Executive Board on the State Investment Officer's FY27 compensation; the recommendation passed at the April 14, 2026 LRC Executive Board meeting. State Investment Officer is Matt Clark. Chair of the Council is Steve Pietila.

SDIC reported completed acceptance of commitments totaling $150 million to Starwood Fund XIII across managed funds: South Dakota Retirement System (SDRS) $135.5M, Dakota Cement Trust (DCT) $2.5M, Education Enhancement Trust (EET) $6.2M, Healthcare Trust (HCT) $2.0M, and School & Public Lands (SPL) $3.8M.