North Carolina Retirement Commits $300M

The North Carolina Retirement System has made two alternative investments totaling $300 million, according to a report from the August 23 board meeting.

$150 million was committed to Hg Titan 2 A, a private credit strategy managed by Hg Capital.

In addition, $150 million was awarded to Harvest Partners IX, a private equity fund.

The two alternative investments will be categorized under the $115 billion Retirement System’s private equity portfolio. As of June 30, 2023, the Retirement System has an actual and target allocation to private equity of 5.41% and 7% respectively.

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Written By: Koncheng Moua, Director of Data Management and Strategy

Koncheng Moua is the Director of Data Management and Strategy at Dakota.


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