North Carolina approves $300m commitment

The US public pension has backed EIG's energy-focused debt 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.

North Carolina’s private debt commitments tend to focus on funds originating subordinated / mezzanine debt in North America.

As illustrated below, North Carolina State Treasury has also been a repeat investor to private debt funds managed by Providence Equity Partners, having committed to three 2016-vintage debt funds managed by the firm.

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