North Carolina Retirement Systems is reviewing potential new commitments in real estate and infrastructure commitments totaling $425m (€374.5m).
The pension fund disclosed in a board meeting document that it is currently conducting due diligence on two $150m opportunistic real estate commitments with existing managers, alongside two infrastructure co-investment commitments of $75m and $50m.
The two infrastructure commitments, which will be with new manager relationships, and the real estate commitments are all projected to close later this month.
North Carolina is considering data centres, student accomodation and senior housing for its real estate investments due to their strong growth drivers and attractive financial outlooks, the pension fund disclosed in the meeting document.
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