North Carolina Treasurer, Janet Cowell, announced Monday that the North Carolina Retirement System has hired Credit Suisse to manage a $230 million equity fund targeting innovative in-state businesses.
According to the press release from the Office of the Treasurer, “Investments will be aimed at building upon the strengths of the North Carolina economy and may target high growth industries that include, but are not limited to; life sciences, technology and clean energy.”
“North Carolina is a good investment,” stated Cowell. “As we look globally for opportunities to achieve a high rate of return for our pensioners, we need to be diligent in looking into the possibilities that are in our own backyard.”
