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North Carolina approves $100m commitment

The US public pension has backed an Asia-Pacific-focused fund.

North Carolina State Treasury committed $100 million to AG Asia Realty Fund III, managed by Angelo Gordon. The transaction was finalized on October 31.

The $88 billion US public pension has a 8 percent target allocation to real estate that currently stands at 9.5 percent.

Platinum subscribers may click here for the pension’s full profile, including key contacts, allocation strategy and fund investments.