The North Carolina Department of the State Treasurer is in the diligence stage for two infrastructure co-investment commitments, according to a recent report from the state’s investment management division.
Specific details could not be determined at the time of publication, but both co-investments are new and are in the amounts of $50 million and $75 million. The target close for both is in June.
North Carolina’s real assets strategies of interest include technology and data, essential infrastructure, natural resources, and energy and minerals. Its investment structures include secondaries, separately managed accounts, direct investments, co-investments, real asset and infrastructure LPs, and continuation vehicles, among others.
Within the state’s $6.1 billion inflation portfolio, real assets and other diversifiers make up the largest share with $2.5 billion.
Currently, North Carolina, like Connecticut and New York, relies on a single fiduciary to
