Key Takeaways
- • Sheri Biggs, U.S. Congressional Representative from South Carolina's 3rd District, made four new investments totaling between $4,004 and $60,000 across alternative investment vehicles between April 28 and May 29, 2026.
- • All transactions were executed through the W.S.B Trust, a professionally managed account held with UBS Financial Services, and consisted of allocations to hedge funds and business development companies in the $1,001–$15,000 range per position.
- • Investment vehicles included AlphaKeys Blackstone Life Sciences VI LP (hedge fund focused on life sciences), Apollo Debt Solutions BDC Class S, KKR Real Estate Select Trust Class U (non-publicly traded real estate), and Oaktree Strategic Credit Fund Class S (credit-focused BDC).
- • Three of the four transactions were executed as dividend reinvestments, indicating existing positions within the trust structure being automatically rolled into new allocations.
- • Congressional trade disclosures revealed no capital gains exceeding $200 from these transactions, and all investments remained domiciled within the United States.
Summary
Sheri Biggs, the congressional representative for South Carolina's 3rd District, has expanded her investment portfolio through a series of transactions in alternative investment funds managed via the W.S.B Trust, according to congressional trade filings submitted in June 2026. The transactions, conducted through UBS Financial Services, span four distinct investment vehicles and demonstrate a diversified allocation strategy across private credit, real estate, and life sciences segments.
The investment activity occurred over a one-month window from late April through late May 2026. The initial transaction on April 28, 2026, involved a $1,001–$15,000 allocation to AlphaKeys Blackstone Life Sciences VI LP, a hedge fund specializing in life sciences investments. This was followed on May 1 by an entry into Apollo Debt Solutions BDC Class S, a business development company focused on debt solutions, valued in the same range and established through dividend reinvestment. Biggs subsequently committed capital to KKR Real Estate Select Trust Class U, a non-publicly traded real estate investment vehicle, on May 29, 2026, also valued between $1,001 and $15,000 and funded through dividend reinvestment. The final transaction occurred on May 27, 2026, with an allocation to Oaktree Strategic Credit Fund Class S, another BDC with a focus on structured credit strategies.
The structure of these holdings reflects institutional investment practices common among professionally managed trust accounts. All four positions represent new holdings within the W.S.B Trust framework, and three of the four transactions were executed as dividend reinvestments, suggesting automatic compounding of distributions from existing trust holdings. The congressional trade report, which is required to disclose transactions by elected officials, noted no realized capital gains exceeding $200 on these positions, indicating either recent entry points or modest unrealized appreciation at the time of reporting. All investments remain U.S.-domiciled, consistent with compliance frameworks applicable to congressional fiduciaries.
The investment activity occurred over a one-month window from late April through late May 2026. The initial transaction on April 28, 2026, involved a $1,001–$15,000 allocation to AlphaKeys Blackstone Life Sciences VI LP, a hedge fund specializing in life sciences investments. This was followed on May 1 by an entry into Apollo Debt Solutions BDC Class S, a business development company focused on debt solutions, valued in the same range and established through dividend reinvestment. Biggs subsequently committed capital to KKR Real Estate Select Trust Class U, a non-publicly traded real estate investment vehicle, on May 29, 2026, also valued between $1,001 and $15,000 and funded through dividend reinvestment. The final transaction occurred on May 27, 2026, with an allocation to Oaktree Strategic Credit Fund Class S, another BDC with a focus on structured credit strategies.
The structure of these holdings reflects institutional investment practices common among professionally managed trust accounts. All four positions represent new holdings within the W.S.B Trust framework, and three of the four transactions were executed as dividend reinvestments, suggesting automatic compounding of distributions from existing trust holdings. The congressional trade report, which is required to disclose transactions by elected officials, noted no realized capital gains exceeding $200 on these positions, indicating either recent entry points or modest unrealized appreciation at the time of reporting. All investments remain U.S.-domiciled, consistent with compliance frameworks applicable to congressional fiduciaries.
Go deeper than the headline
Research every firm in this story, track the ones that matter and get the daily briefing — free for 7 days.