North Dakota State Investment Board, Bismarck, committed $30 million to Adams Street 2016 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 board previously committed $30 million to predecessor private equity fund-of-funds Adams Street 2016 Global Fund in September.
The retirement and investment office oversees the $10.8 billion investment board, which includes pension fund and insurance assets.
The pension funds have a 5% private equity target.