LP Data

Manager

NCL Investments

OpportunisticPrivate EquityReal Assets
Funds with performance
18
LP investors
1

Public LPs disclosing at least one fund

SEC regulatory AUM
—

The franchise by vintage

Funds disclosed by public LPs, by strategy and vintage year. Dot area is the number of funds raised that year.

Private Equity8
Real Assets8
Opportunistic3
201520202025
Funds
Funds managed by NCL Investments
Fund Name
Strategy
Sub-Strategy
Geography
Vintage
IRR
TVPI
DPI
As-of Date
Gross AUM
LPs
NCL Investments II LP - Outside Opportunities Series BOpportunisticMulti StrategyNorth America201916.7%1.30x0.40x2025-06-30$224.1M1
NCL Investments II, L.P. - Outside Opportunities Series AOpportunisticMulti StrategyNorth America201818.8%2.61x0.69x2025-06-30$774.1M1
NCL Investments II, L.P. - PE Overflow SeriesPrivate EquityFund of FundsNorth America20185.2%1.24x0.35x2025-06-30—1
NCL Investments II, L.P. - PE SeriesPrivate EquityFund of FundsNorth America20187.5%1.24x0.53x2025-06-30$363.7M1
NCL Investments II, L.P. - RA SeriesReal AssetsInfrastructureNorth America201825.9%1.43x0.60x2025-06-30$323.8M1
NCL Investments II, L.P. - RE Overflow SeriesReal AssetsReal Estate EquityNorth America201819.4%1.76x1.27x2025-06-30—1
NCL Investments II, L.P. - RE SeriesReal AssetsReal Estate EquityNorth America20188.0%1.21x0.61x2025-06-30—1
NCL Investments III LP - Outside Opportunities Series BOpportunisticMulti StrategyNorth America20216.2%1.05x0.05x2025-06-30—1
NCL Investments III LP - PE Opportunities Series APrivate EquityFund of FundsNorth America202113.5%1.27x0.01x2025-06-30—1
NCL Investments III LP - PE Overflow SeriesPrivate EquityFund of FundsNorth America20212.1%1.06x0.10x2025-06-30—1
NCL Investments III LP - PE SeriesPrivate EquityFund of FundsNorth America202113.1%1.23x—2025-06-30$343.8M1
NCL Investments III LP - RA SeriesReal AssetsInfrastructureNorth America2024240.1%3.40x—2025-06-30$202.0M1
NCL Investments III LP - RE Overflow SeriesReal AssetsReal Estate EquityNorth America20217.6%1.10x—2025-06-30—1
NCL Investments III LP - RE SeriesReal AssetsReal Estate EquityNorth America20214.0%1.03x—2025-06-30$156.6M1
NCL Investments, L.P. - PE SeriesPrivate EquityFund of FundsNorth America20149.2%1.30x1.10x2025-06-30$113.5M1
NCL Investments, L.P. - RA SeriesReal AssetsInfrastructureNorth America20148.6%1.38x0.82x2025-06-30$215.6M1
NCL Investments, L.P. - RE SeriesReal AssetsReal Estate EquityNorth America20144.9%1.14x1.04x2025-06-30$25.6M1
NCL IV LP - GSS I OverflowPrivate EquityFund of FundsNorth America202473.6%1.42x0.34x2025-06-30—1
LP Investors
Limited partners invested in NCL Investments funds
LP NameTypeLocationFunds Invested
North Carolina Retirement Systemspublic_pensionNC19