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Posted on: June 24, 2015, 4:37 p.m.
North Carolina Retirement Systems, Raleigh, hired Neuberger Berman to run a new $200 million program for small and emerging private equity managers, state Treasurer Janet Cowell announced Tuesday according to Pensions & Investments. The primary focus is minority- and women-owned firms, funds with less than $750 million, and first- and second-time funds.Neuberger Berman will manage the program through its NorthBound Emerging Managers Private Equity Fund, a fund of funds which will target multiple strategies, including buyout, growth capital, venture capital and ... Full investment news article