Institution: North Dakota Retirement and Investment Office
Headquarters: Bismarck, US
AUM: $18.5 billion
Allocation to alternatives: 20.8%
North Dakota Retirement and Investment Office has agreed to commit $200 million to GCM Grosvenor Customized Infrastructure Strategies III, according to the pension’s February 2021 board meeting minutes.
The $18.5 billion US pension has previously committed to each of CIS III’s two predecessors, with $105 million being allocated to fund I and $75 million to fund II.
North Dakota ROI has a 6.6 percent target allocation to infrastructure, which currently stands at 4.4 percent.
As illustrated below, the pension’s recent infrastructure fund commitments have predominantly targeted global unlisted equity vehicles.
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