ND University and School Lands recommends a real estate debt fund

The US endowment has backed a North America-focused fund.

Between April and May 2018, the North Dakota Board of University and School Lands‘ Investments Division worked closely with its investment consultant, RVK, to add a new mandate for direct lending within its fixed income portfolio. Angelo Gordon, Ares and TCW were each invited for interviews on 12 June 2018.

At its 28 June meeting, a recommendation to approve a commitment to AG Direct Lending Fund III was made. The fund will target senior financing solutions in the US.

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