North Carolina commits $200m to real estate

The $89 billion North Carolina Retirement Systems has committed $100 million each to AG Asia Realty Fund III, managed by Angelo Gordon & Co., and Rockwood Income & Credit Partners, managed by Rockwood Capital.

The AG Asia Realty Fund III opened in 2014 with a $750 million fundraising target. Itis a closed-end fund that focuses on opportunistic investments in industrial, multifamily, single family and retail properties in Asia, in areassuch as China, Japan and Korea. Thefund previously received a $50 million commitment from the $80.9 billion Minnesota State Board of Investment in September.

The closed-end Rockwood Income & Credit Partners fund recently opened in early November and focuses its investments in debt secured core properties in the Unites States. The commitment from North Carolina is the first allocation to t