North Dakota State Investment Board, Bismarck, committed $30 million to Adams Street 2015 Global Fund, said David Hunter, executive director and chief investment officer of the North Dakota Retirement and Investment Office, in an e-mail.
The private equity fund of funds is managed by Adams Street Partners.
The retirement and investment office oversees the $10.7 billion investment board, which includes pension and insurance assets.
As of June 30, the pension trust had a 4% allocation to private equity, of which 1% or roughly $48 million was invested in other Adams Street funds. The pension trust has a 5% private equity target.
