Public Pension · NC, USA
North Carolina Retirement Systems
430 fund investments across 165 managers in private equity, private credit, opportunistic and real assets, as last reported 2025-06-30.
Fund investments
430
As of 2025-06-30
Managers
165
Reported NAV
…
Top-10 concentration
…
Share of reported NAV in the ten largest funds
Where the NAV sits
Each rectangle is a fund, sized by current NAV and colored by strategy.
NAV by strategy
Current reported value by top-level strategy.
Commitments by vintage
Capital committed to funds of each vintage year.
Portfolio Holdings
431 fund investments
Fund Name | Vintage | Strategy | Sub-Strat | Geo | Commit | NAV | IRR | TVPI | DPI | Source |
|---|---|---|---|---|---|---|---|---|---|---|
| A.V. Management IV, LLC | 2002 | Private Equity | Buyout | North America | $5.0M | $0 | -0.2% | 0.98x | 0.98x | |
| Academy Venture Fund, LLC | 1999 | Private Equity | Venture Capital | North America | $5.0M | $0 | -22.3% | 0.18x | 0.18x | |
| Accel-KKR Capital Partners IV, L.P. | 2013 | Private Equity | Buyout | North America | $10.0M | $0 | 38.9% | 3.99x | 3.99x | |
| Access Capital L.P. II D | 2002 | Private Equity | Buyout | North America | $29.9M | $0 | 4.4% | 1.21x | 1.21x | |
| AG Asia Realty Fund II, L.P. | 2010 | Real Assets | Real Estate Equity | Asia Pacific | $25.0M | $5,000 | 20.1% | 1.80x | 1.79x | |
| AG Asia Realty Fund III, L.P. | 2016 | Real Assets | Real Estate Equity | Asia Pacific | $100.0M | $25.6M | 8.3% | 1.28x | 1.01x | |
| AG Capital Recovery Partners V, L.P. | 2005 | Real Assets | Real Estate Equity | North America | $25.0M | $0 | 2.9% | 1.13x | 1.13x | |
| AG Capital Recovery Partners VI, L.P. | 2008 | Real Assets | Real Estate Equity | North America | $200.0M | $0 | 7.0% | 1.38x | 1.38x | |
| AG Commercial Real Estate Debt Fund, L.P. | 2008 | Real Assets | Real Estate Debt | North America | $73.2M | $0 | 3.6% | 1.18x | 1.18x | |
| AG Core Plus Realty Fund I, L.P. | 2003 | Real Assets | Real Estate Equity | North America | $75.0M | $0 | 17.5% | 1.52x | 1.52x | |
| AG Core Plus Realty Fund II, L.P. | 2006 | Real Assets | Real Estate Equity | North America | $100.0M | $0 | 7.9% | 1.31x | 1.31x | |
| AG GECC Public-Private Investment Fund (PPIP) | 2010 | Private Credit | Direct Lending | North America | $180.0M | $0 | 20.1% | 1.54x | 1.54x | |
| AG Global Debt Strategy Partners, L.P. | 2008 | Private Credit | Direct Lending | Global | $279.9M | $820.2M | 8.1% | 2.95x | 0.02x | |
| AG Growth Capital Partners I (R), LP | 2008 | Private Equity | Growth Equity | North America | $48.8M | $778,000 | 2.9% | 1.27x | 1.26x | |
| AG Growth Capital Partners I LP | 2008 | Private Equity | Growth Equity | North America | $48.8M | $60,000 | 5.3% | 1.36x | 1.36x | |
| AG Net Lease Realty Fund II, L.P. | 2010 | Real Assets | Real Estate Equity | North America | $100.0M | $0 | 11.5% | 1.97x | 1.97x | |
| AG Net Lease Realty Fund III, L.P. | 2013 | Real Assets | Real Estate Equity | North America | $100.0M | $63.9M | 7.9% | 1.65x | 0.99x | |
| AG Pisgah, L.P. | 2016 | Private Credit | Direct Lending | North America | $600.0M | $590.3M | 7.9% | 1.51x | 0.67x | |
| AG TALF Partners, L.P. | 2009 | Private Credit | Direct Lending | North America | $73.2M | $0 | 22.4% | 1.32x | 1.32x | |
| American Value Partners Fund I, L.P. | 2006 | Real Assets | Real Estate Equity | North America | $50.0M | $0 | -0.9% | 0.95x | 0.95x | |
| Ampersand | 2006 | Private Equity | Buyout | North America | $30.0M | $0 | 16.6% | 3.12x | 3.12x | |
| Anchorage Capital Partners | 2011 | Private Equity | Buyout | Global | $350.0M | $59.5M | 5.7% | 1.83x | 1.66x | |
| Angeleno Investors II, L.P. | 2006 | Private Equity | Venture Capital | North America | $30.0M | $3.4M | 2.4% | 1.19x | 1.09x | |
| Apollo Investment Fund VI LP | 2006 | Private Equity | Buyout | North America | $150.0M | $0 | 4.9% | 1.23x | 1.23x | |
| Apollo Investment Fund VII | 2008 | Private Equity | Buyout | North America | $75.0M | $0 | 12.3% | 1.19x | 1.17x | |
| Apollo Investment Fund VIII LP | 2013 | Private Equity | Buyout | North America | $220.0M | $56.1M | 8.4% | 1.41x | 1.16x | |
| Arch IX Overage | 2016 | Private Equity | Venture Capital | North America | $60.0M | $39.1M | 23.0% | 2.54x | 1.89x | |
| Arch Venture Fund IX | 2016 | Private Equity | Venture Capital | North America | $60.0M | $40.8M | 20.0% | 2.21x | 1.53x | |
| ARCH Venture Fund VII, L.P. | 2007 | Private Equity | Venture Capital | North America | $50.0M | $9.2M | 37.8% | 4.78x | 4.60x | |
| ARCH Venture Fund VIII, L.P. | 2014 | Private Equity | Venture Capital | North America | $80.0M | $59.1M | 21.0% | 3.18x | 2.44x | |
| ArcLight Energy Partners Fund V, L.P. | 2011 | Real Assets | Infrastructure | North America | $100.0M | $0 | 8.0% | 1.43x | 1.43x | |
| ArcLight Shore Co-Investments Holdings II, LLC | 2013 | Real Assets | Infrastructure | North America | $10.0M | $0 | 8.4% | 1.11x | 1.11x | |
| Aurora Ventures IV, LLC | 2002 | Private Equity | Venture Capital | Global | $15.0M | $0 | 0.3% | 1.03x | 1.03x | |
| Aurora Ventures V, LLC | 2005 | Private Equity | Venture Capital | Global | $15.0M | $0 | 2.6% | 1.20x | 1.20x | |
| Avista Capital Partners I, L.P. | 2006 | Private Equity | Buyout | North America | $50.0M | $0 | 4.4% | 1.27x | 1.29x | |
| Avista Capital Partners II, L.P. | 2010 | Private Equity | Buyout | North America | $100.0M | $0 | 14.3% | 1.99x | 1.99x | |
| Avista Capital Partners III | 2012 | Private Equity | Buyout | North America | $150.0M | $0 | -0.1% | 1.00x | 1.00x | |
| Barings Transportation Fund LP | 2021 | Real Assets | Infrastructure | North America | $65.3M | $73.4M | 17.9% | 1.57x | 0.44x | |
| Bayview Opportunity Offshore Fund IVb LP | 2014 | Real Assets | Infrastructure | North America | $400.0M | $0 | 13.3% | 1.53x | 1.53x | |
| BC Partners XI LP | 2021 | Private Equity | Co-Investment | North America | $150.0M | $134.0M | 6.8% | 1.18x | 0.01x | |
| BCP Special Opportunities Fund II LP | 2020 | Opportunistic | Special Situations | Global | $200.0M | $190.7M | 8.8% | 1.24x | 0.30x | |
| BCP Special Opportunities Fund III LP | 2025 | Opportunistic | Special Situations | Global | $250.0M | $34.4M | 30.3% | 1.12x | 0.16x | |
| Benefit Street Partners Capital Opportunity Fund II LP | 2016 | Opportunistic | Multi Strategy | North America | $150.0M | $125.6M | 8.0% | 1.45x | 0.78x | |
| Benefit Street Partners Capital Opportunity Fund III LP | 2024 | Opportunistic | Multi Strategy | North America | $400.0M | $54.9M | — | 1.00x | — | |
| Benefit Street Partners Capital Opportunity Fund, L.P. | 2013 | Opportunistic | Multi Strategy | North America | $150.0M | $111.9M | 8.8% | 1.58x | 1.05x | |
| Benefit Street Partners Debt Fund IV, L.P. | 2017 | Private Credit | Direct Lending | North America | $250.0M | $143.7M | 8.2% | 1.38x | 0.88x | |
| Benson Elliot Real Estate Partners II, L.P. | 2006 | Real Assets | Real Estate Equity | Global | $56.1M | $504,000 | -6.6% | 0.58x | 0.57x | |
| Benson Elliot Real Estate Partners III, L.P. | 2008 | Real Assets | Real Estate Equity | Global | $56.1M | $5.0M | 3.4% | 1.12x | 1.04x | |
| BlackRock Developed | 2016 | Real Assets | Real Estate Equity | North America | $312.4M | $0 | 8.1% | 1.35x | 1.35x | |
| BlackRock TIPS Index | 2015 | Real Assets | Infrastructure | North America | $500.0M | $71.8M | 2.0% | 1.04x | 0.90x |
Showing 1 to 50 of 431 holdings
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