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March 16, 2010
Credit Suisse To Run $230M For NC Fund
Janet Cowell, North Carolina Treasurer, has picked Credit Suisse to manage the state’s $230 million Innovation Fund.
Janet Cowell, North Carolina Treasurer, has
picked Credit Suisse to manage the
states $230 million Innovation Fund, IM
Weekly reports. The initial search was valued at $250
million in assets, about $20 million more than Credit
The new offering is aiming to accomplish a risk-adjusted rate
of return for the state pension systems private equity
portfolio. The fund, which is expected to invest in businesses
for the long term, will commit three to
five year to investments in high-growth industries such as
life sciences, technology and clean energy.
Click here for the story from IM Weekly.
Click here for additional coverage from Business Journal.