North Dakota sells Corsair fund stake as it pares portfolio

North Dakota State Investment Board, Corsair Capital, private equity, pension fund
A giant bust of U.S. President Abraham Lincoln by artist David Adickes in a field outside of Williston, North Dakota, in this file photo taken March 14, 2013. Photo courtesy Reuters/Shannon Stapleton
North Dakota State Investment Board sold a $25 million commitment in Corsair Capital’s fourth fund to Hamilton Lane, a source close to the pension system confirmed. North Dakota pension trust’s PE portfolio has underperformed mainly because of investments made before 2013, David ...

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