Investors

North Carolina approves $125m commitment

The US public pension has backed a financial services-focused fund.

30 November 2016

North Carolina State Treasury committed $125 million to Trident VII, managed by Stone Point. The transaction was finalised on October 4.

The $88 billion US public pension has a 6 percent target allocation to private equity that currently stands at 5 percent.

Platinum subscribers may click here for the pension’s full profile, including key contacts, allocation strategy and fund investments.

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