The funds will invest in incubation, seed, Series A and Series B stage digital-health startups.
The plan will not commit any additional capital to the program due to potential issues, including conflicts of interest and lack of transparency.
Anderson became cio of the North Dakota State Retirement and Investment Office in January 2022.
The plan committed up to $600 million to a new real assets manager this week and was informed of three co-investments.
The fund invests in middle market North American companies “that provide mission-critical products and services to the infrastructure and building markets.”
The plan replaced its passive TIPS mandate with BlackRock and committed to a new credit manager last month.
The plan increased its fixed-rate debt target by reducing its public equity target last month.
The fund will invest in commercial real estate equity as well as distressed loans and bonds.
The plan recently committed approximately $2.2 billion total to nine funds.
The cfo will be responsible for all financial aspects of the system, which oversees a defined benefit plan and two defined contribution plans.