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The plan hired Barings to manage two customized funds.
The North Carolina House passed a bill on Wednesday that will see the creation of a pension board to oversee investment of the $126.5 billion North Carolina Retirement Systems.
The retirement plan and health care trust are conducting separate RFPs due to incumbent contract expirations and state procurement regulations.
D. E. Shaw Investment Management raised $1.3 billion in commitments for its second capital optimization fund.
The head of private credit will lead the firm’s private credit business and focus on platform-wide growth and expanding investment capabilities.
The pension plan made an up to $50 million private credit commitment last week.
The plan will target eight to 10 emerging buyout funds.
The town is seeking an advisor to help manage its trust fund portfolio.
The fund surpassed its target with $800 million in capital commitments.
The firm is expanding its presence across the Gulf Cooperation Council and the broader Middle East by building a dedicated regional investment platform to drive infrastructure investments and related activities.