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Institutional Trust CAFR / Board Packet Roadshow Hub: Heartland / Plains (MO / IA / OK / KS / NE) HQ: Bismarck, ND

North Dakota Legacy Fund (North Dakota State Investment Board Constitutional Trust)

$10.8B Total AUM · Institutional LP profile covering 24 historical fund disclosure records ($833.1M parsed USD across disclosed rows) across disclosed strategy exposure in Buyout, Growth Equity, Private Equity, Distressed / Special Situations, Real Estate (investment geography mandates are evaluated separately from LP headquarters). 5 complete primary source trails are open below without registration.

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Disclosed Records
24
5 Open Source Trails Below
Sum of Disclosed Rows
$833.1M
Total AUM: $10.8B
Median Disclosed Amount
$32.0M
Range: $23.0M – $55.7M
Disclosed Fund Multiples
13.3% Mean IRR (n=12) · 1.74x Mean TVPI (n=12)
Unweighted mean of disclosed funds (not portfolio return · As-of 2026)
Citation Substantiation Note: Records below reference a general institutional or capabilities webpage rather than a page-anchored statutory filing table. While vehicle names correspond to feeder or private-fund disclosures, the exact statutory filing and displayed dollar figures still require page-level substantiation.

Historical Fund Disclosures — North Dakota Legacy Fund (North Dakota State Investment Board Constitutional Trust)

5 Open Source Trails (No Registration)

Showing 5 open preview records out of 24 total tracked records (+19 gated pilot rows). Click Inspect Source on any row to view field-level substantiation, table headers/units, and archived page excerpts without login.

Disclosed Fund / Vehicle Strategy Fund Vintage Disclosed Amount Disclosed Performance Primary Source Trail
LeapFrog Emerging Consumer Fund IV Growth Equity 2025
$28.8M
General webpage link · Exact filing & amount pending · As of March 2026
 Active 2025–2026 Drawdown · J-Curve / Initial Deployment Period Inspect Source · CAFR / Board Packet
Towerbrook Investors VI (Onshore), L.P. Private Equity 2025
$28.0M
General webpage link · Exact filing & amount pending · As of March 2026
 Active 2025–2026 Drawdown · J-Curve / Initial Deployment Period Inspect Source · CAFR / Board Packet
KKR Real Estate Credit Opportunity Partners IV Real Estate 2025
$24.0M
General webpage link · Exact filing & amount pending · As of March 2026
 Active 2025–2026 Drawdown · J-Curve / Initial Deployment Period Inspect Source · CAFR / Board Packet
Encap Energy Transition Fund II Infrastructure 2025
$23.0M
General webpage link · Exact filing & amount pending · As of December 2025
 Active 2025–2026 Drawdown · J-Curve / Initial Deployment Period Inspect Source · CAFR / Board Packet
Leonard Green Equity Investors IX Buyout 2022
$42.8M
General webpage link · Exact filing & amount pending · As of March 2026
 General Webpage Cited · Exact Filing & Amount Not Yet Substantiated Inspect Source · CAFR / Board Packet

Forward-Looking Searches, Pacing Plans & Governance Updates — North Dakota Legacy Fund (North Dakota State Investment Board Constitutional Trust)

Tracked separately from historical commitments: active RFPs/searches, board pacing plans, leadership/CIO updates, and retained gatekeeper consultants.

Allocation-Policy / Pacing Update

North Dakota Legacy Fund (North Dakota State Investment Board Constitutional Trust) (Institutional Trust, $10.8B AUM): Disclosed FY2025-2026 Private Markets Pacing & Allocation Update (PE Target 14.0% vs. 11.0% Actual; $324.0M Unallocated Target Bandwidth). Active FY2025–2026 Private Markets Pacing: Deploying ~$146M–$275M/yr across 4–8 institutional GP fund commitments (Target PE Allocation 14.0% vs 11.0% actual on $10.8B total assets). Gatekeeper / Intake Conduit: Callan.

Forward-looking board pacing or target-allocation policy update · Recorded 2025-01-06

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Pacing & Allocation Policy Pilot Gated

Board-Approved Pacing Plans, Active RFPs & Target-vs-Actual Allocation Gap

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Gatekeeper Consultants (1) Pilot Gated

Retained Private Markets Advisors & Emerging-Manager Search Conduits

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Investment Team Contacts (4) Pilot Gated

CIO, Private Markets Officers & Official Pitch Intake Guidance

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Shared-Fund Co-Investor Overlap & Potential Introduction Paths — North Dakota Legacy Fund (North Dakota State Investment Board Constitutional Trust)

586 Shared-Fund Co-LPs

Institutions disclosing the same resolved underlying fund vehicles as North Dakota Legacy Fund (North Dakota State Investment Board Constitutional Trust) (24 shared vehicles tracked; showing top 3 bilateral overlaps).

Explore Paths in Interactive Demo
1. Shared Fund Exposure: Documented for both LPs
2. LPAC Seat Overlap: Not disclosed in filings
3. Personal Relationship: Unknown (customer-supplied)
4. Intro Willingness: Unconfirmed potential path
#1 Shared-Fund Peer 12 Shared Vehicles

Iii Capital Management

OCIO / Wealth RIA Boca Raton, FL
Resolved Shared Vehicle Recent Fund Cycle (2020–2026)
LeapFrog Emerging Consumer Fund IV (2023 Vintage)
North Dakota Legacy Fund (North Dakota State Investment Board Constitutional Trust): $28.8M · CAFR / Board Packet
Iii Capital Management: $146.2M · SEC Form ADV 7.B

Additional shared vehicles: Leonard Green Equity Investors IX (2022 Vintage) · Landseer Special Opportunities I (2022 Vintage)

Potential introduction path · LPAC unconfirmed View LP Profile →
#2 Shared-Fund Peer 12 Shared Vehicles

Front Range Chagrin Valley Sheffield Mutual & Casualty Insurance General Account

Insurance Company Mountain West & Southwest (CO / AZ / UT / NV / MT / NM)
Resolved Shared Vehicle Recent Fund Cycle (2020–2026)
Leonard Green Equity Investors IX (2022 Vintage)
North Dakota Legacy Fund (North Dakota State Investment Board Constitutional Trust): $42.8M · CAFR / Board Packet
Front Range Chagrin Valley Sheffield Mutual & Casualty Insurance General Account: $73.5M · Allocator Webpage (Unanchored URL)

Additional shared vehicles: LeapFrog Emerging Consumer Fund IV (2023 Vintage) · Landseer Special Opportunities I (2022 Vintage)

Potential introduction path · LPAC unconfirmed View LP Profile →
#3 Shared-Fund Peer 11 Shared Vehicles

Cottonwood Cape May Goldstein Permanent Endowment & Fiduciary Trust

Institutional Trust Mountain West & Southwest (CO / AZ / UT / NV / MT / NM)
Resolved Shared Vehicle Recent Fund Cycle (2020–2026)
Landseer Special Opportunities I (2022 Vintage)
North Dakota Legacy Fund (North Dakota State Investment Board Constitutional Trust): $25.8M · CAFR / Board Packet
Cottonwood Cape May Goldstein Permanent Endowment & Fiduciary Trust: $15.5M · IRS Form 990 Sched D

Additional shared vehicles: LeapFrog Emerging Consumer Fund IV (2023 Vintage) · Leonard Green Equity Investors IX (2022 Vintage)

Potential introduction path · LPAC unconfirmed View LP Profile →

+583 Additional Institutional LPs Report Shared Vehicles with North Dakota Legacy Fund (North Dakota State Investment Board Constitutional Trust)

Explore bilateral shared-fund paths in our Interactive Read-Only Demo or join the waitlist for full graph access.

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Request Pilot Access to Full Workspace Data for North Dakota Legacy Fund (North Dakota State Investment Board Constitutional Trust)

You are viewing 5 open public preview records (out of 24 total tracked records for North Dakota Legacy Fund (North Dakota State Investment Board Constitutional Trust)) with zero-registration primary source trails. Join the early-access waitlist to request pilot access:

  • All 24 tracked historical disclosure records (+19 gated rows) & field-level provenance
  • Bilateral Shared-Fund Co-Investor Graph (586 connected LPs)
  • Separated active searches, RFPs, approved FY2026 pacing plans & CIO governance updates
  • Retained gatekeeper consultants (1), investment contacts (4) & CRM export

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Strategies Disclosed by North Dakota Legacy Fund (North Dakota State Investment Board Constitutional Trust)

Buyout LPs →Growth Equity LPs →Private Equity LPs →Distressed / Special Situations LPs →Real Estate LPs →

Frequently Asked Questions: North Dakota Legacy Fund (North Dakota State Investment Board Constitutional Trust)

What type of institutional allocator is North Dakota Legacy Fund (North Dakota State Investment Board Constitutional Trust) and what is their typical disclosed ticket size?

North Dakota Legacy Fund (North Dakota State Investment Board Constitutional Trust) is categorized under Institutional Trust (Regional Roadshow Hub: Heartland / Plains (MO / IA / OK / KS / NE); Headquarters: Bismarck, ND). Across 24 historical disclosure records tracked on Prilago ($833.1M total parsed USD across disclosed rows), the median disclosed amount is $32.0M (range: $23.0M to $55.7M).

Which private-market strategies appear in North Dakota Legacy Fund (North Dakota State Investment Board Constitutional Trust)'s public disclosures?

North Dakota Legacy Fund (North Dakota State Investment Board Constitutional Trust) has disclosed records across Buyout, Growth Equity, Private Equity, Distressed / Special Situations, Real Estate. Open preview records include LeapFrog Emerging Consumer Fund IV (2025 Vintage), Towerbrook Investors VI (Onshore), L.P. (2025 Vintage), KKR Real Estate Credit Opportunity Partners IV (2025 Vintage), Encap Energy Transition Fund II (2025 Vintage).

How are North Dakota Legacy Fund (North Dakota State Investment Board Constitutional Trust)'s historical records substantiated and separated from active searches on Prilago?

Records for North Dakota Legacy Fund (North Dakota State Investment Board Constitutional Trust) cite primary public disclosures (CAFR / Board Packet), and visitors can inspect 5 open source trails on this profile without registration. Each source trail displays field-level substantiation status, distinguishing exact commitment schedules from carrying-value or fee tables. Forward-looking active searches, RFPs, pacing plans, and governance updates are separated from historical disclosures.

How can General Partners request pilot access to North Dakota Legacy Fund (North Dakota State Investment Board Constitutional Trust)'s full commitment history and contacts?

General Partners can join the early-access waitlist on https://prilago.com/lp/north-dakota-legacy-fund-north-dakota-state-investment-board-constitutional-trust or test fund suitability in the interactive read-only demo at https://prilago.com/demo.

Which institutional LPs report shared underlying fund vehicles alongside North Dakota Legacy Fund (North Dakota State Investment Board Constitutional Trust)?

In Prilago's bilateral commitment graph, North Dakota Legacy Fund (North Dakota State Investment Board Constitutional Trust) shares resolved underlying fund vehicles with 586 institutional LPs across 24 shared vehicles (shared fund exposure represents a potential introduction path and does not prove LPAC seat overlap or personal acquaintance). Top shared-fund peers include Iii Capital Management (12 shared vehicles, e.g. LeapFrog Emerging Consumer Fund IV (2023 Vintage)), Front Range Chagrin Valley Sheffield Mutual & Casualty Insurance General Account (12 shared vehicles, e.g. Leonard Green Equity Investors IX (2022 Vintage)), Cottonwood Cape May Goldstein Permanent Endowment & Fiduciary Trust (11 shared vehicles, e.g. Landseer Special Opportunities I (2022 Vintage)).

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