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North Carolina makes $50m follow-on commitment

by Jody Barhanovich

The $90 billion North Carolina Retirement Systems has made a $50 million follow-on commitment to Rockwood Development Partners. The pension fund originally committed $200 million to the Rockwood Capital fund in 2016.

Rockwood Development Partners is a value-added/opportunistic closed-end fund that invests in U.S. real estate across property types. North Carolina had committed $90 million to Rockwood Capital Real Estate Partners Fund VI in 2005 and $125 million to Rockwood Capital Real Estate Partners Fund VII in 2016. And the retirement system

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