Name: North Carolina State Treasury
Headquarters: Raleigh, US
AUM: $118.7 billion
Allocation to real estate: 6.15%
North Carolina State Treasury released information on Q4 2023 real estate commitments in its latest investment committee meeting.
The public pension fund committed $200 million to Northpond Retail Partners. Managed by Northpond Partners, the fund makes opportunistic investments into the retail sector within North America.
NC Treasurer also invested $123.7 million into NorthRock Core Fund, an open-end vehicle managed by Rockwood Capital. The pension had previously committed $600 million to the residential real estate fund.
North Carolina State Treasury’s latest commitments align with its 2023 pacing strategy. The pension plan aimed to increase its exposure to small retail and multifamily residential funds.
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