North Carolina Retirement Systems, Raleigh, disclosed two new commitments totaling $500 million.
The $109.3 billion pension fund committed $300 million to Centerbridge Special Credit Partners IV Co-Invest, a private credit co-investment fund managed by Centerbridge Capital Partners, and invested $200 million in RXR NC Development Partners 1, a non-core real estate separate account joint venture with manager RXR Realty, according to a report included with Feb. 22 investment advisory committee meeting materials on the website of Dale R. Folwell, state treasurer and sole trustee of the retirement system.
The commitments were closed on Jan. 12 and Dec. 28, respectively, according to the report.
As of Dec. 31, the actual allocations to opportunistic fixed income and non-core real estate were 6.3% and 2.2%, respectively; their respective targets are 7% and 3%.