North Carolina

Hedge Funds Deliver for North Carolina Retirees, Students, and Nonprofits

Across the Tar Heel State, hedge funds deliver for retirement security, college education, and the important work done by nonprofits and charities through $27.6 Billion in investments. Institutional investors – like pensions, university endowments, and nonprofits – use hedge funds to meet financial obligations, diversify their investment portfolios, and manage risk.

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Total hedge fund investments:

$27.6 BILLION

Deliver for pensions:

$10.1 BILLION

Deliver for colleges:

$4 BILLION

Deliver for nonprofits:

$13.5 BILLION

Private credit to business

$7.5 BILLION

Retirement Plans

Deliver for pensions:

$10.1 BILLION

AT LEAST 20

retirement plans invest in hedge funds including:
North Carolina Department of State Treasurer

$2.7 BILLION for

371,932 plan participants

North Atlantic States Carpenters Pension Fund

$574 MILLION for

46,134 plan participants

Bank of America Pension Fund

$478 MILLION for

213,000 employees

Colleges & Universities

Deliver for colleges:

$4 BILLION

AT LEAST 16

colleges and universities invest in hedge funds including:
Wake Forest University Endowment

$2.1 BILLION for

9,121 students

Duke University Endowment

$1.9 BILLION for

17,112 students

East Carolina University Foundation

$51 MILLION for

26,785 students

Foundations & Nonprofits

Deliver for nonprofits:

$13.5 BILLION

AT LEAST 21

foundations and nonprofits invest in hedge funds including:
Gothic Corporation

$485 MILLION

Novant Health

$301 MILLION

Foundation for the Carolinas

$238 MILLION

NC-State-Sheet-MFA-2025.04.23 document preview

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Unless otherwise noted, all hedge fund investment data is sourced and licensed from Preqin's alternative asset database as of March 2025 or publicly available, federal datasets. Sources for additional information included on this website are noted where the data appears.

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