North Dakota SIB Commits $100M to Carlyle Real Estate Fund X

The North Dakota State Investment Board (SIB) allocated $100M to an opportunistic real estate fund, per recently published materials related to its November 8 investment committee meeting.

The pension’s commitment to Carlyle Realty Partners X, which consists of $60M from its legacy fund and $40M from its pension pool, is its second real-estate investment of the year, after a $35M allocation to Cerberus Global NPL Fund II, as reported by Dakota on July 31. 

The North Dakota SIB’s current real estate portfolio is at 10% against a target weight of 11%, as of March 31. 

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