FUNDRAISING NEWS | August 25, 2023
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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Koncheng Moua is the Director of Data Management and Strategy at Dakota.
