North Carolina Retirement Systems, Raleigh, committed $200 million to MTP Emerald Series II.
The $113.3 billion pension fund disclosed the commitment to the opportunistic credit fund managed by Magnetar Capital in a report included with May 31 investment advisory committee meeting materials on the website of Dale R. Folwell, state treasurer and sole trustee of the retirement system.
The commitment closed on March 7, according to the report.
As of May 18, the systems' actual allocation to inflation sensitive assets was 4.7%; the target is 6%.
