Adams Street scores $60 mln from North Dakota for new fund-of-funds


North Dakota State Investment Board, private equity, pension fund
  • New Adams Street fund targets returns of 13 pct-plus
  • Growth-oriented firms like Accel-KKR, Altamont highlighted
  • North Dakota held 3.2 pct of assets in PE
North Dakota’s State Investment Board re-upped for as much as $60 million to Adams Street Partners new global fund-of-funds, Executive Director and CIO Dave Hunter told Buyouts. The board, which oversees the state’s pension and investment assets, approved the commitment ...

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