The $109 billion North Carolina Retirement System selected two new funds within its non-core real estate and opportunistic fixed-income investment programs.
The state pension system has allocations of $2.4 billion and $6.9 billion to non-core real estate and opportunistic fixed-income programs, respectively. Non-core real estate was one of the pension system’s top performing strategies in 2022, returning 6.6% on an annualized basis. Meanwhile, opportunistic fixed-income was down 1.91% in 2022.
Centerbridge Capital Partners was hired to manage a $300 million commitment to its Centerbridge . . .
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