North Carolina approves $300m commitment

The US public pension has backed EIG's latest series energy fund.

Institution: North Carolina State Treasury
Headquarters: Raleigh, United States
AUM: $102.02bn
Allocation to alternatives: 13.70%
Bitesize: $100-200m

North Carolina State Treasury has confirmed a $300 million commitment to EIG Energy Fund XVII, according to a recent report on the pension’s website. North Carolina previously also committed $250 million to the fund’s predecessor.

The $102.02 billion US public pension has a 6.0 percent target allocation to private equity that current stands at 5.30 percent.

As illustrated below, North Carolina State Treasury has previously made one other commitment to a 2017-vintage private equity vehicle: $500 million to Landmark Equity Partners XVI Co-investment Fund.

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