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North Carolina Retirement → NCL Investments III – OOSB

Field-by-field provenance and archived filing evidence for one of the 5 open public preview records on North Carolina Retirement’s profile — accessible without registration.

Institutional Allocator

North Carolina Retirement

Public Pension Plan · Hub: Southeast (NC / GA / TN / SC / AL / KY / LA)

Recorded Commitment Amount

$500.0M

Historical commitment · As of June 2025

$500,000,000 USD (raw: 500000000.0)

Strategy & Vintage

Private Equity

2025 Vintage

Cited Archive Anchor

NorthCarolina_RS/NCRS_PE_2025.pdf#page=14

PDF p.14/67 · Printed p.14

Commitment Substantiated · Multiples Not Disclosed on Schedule

Single-Page Excerpt (PDF p.14) Full-Res Image (PDF p.14)

Field-Level Provenance & Substantiation Breakdown

Each claim is evaluated independently against the cited table’s headers and units. Different fields on a single record may originate from distinct schedules.

Entity Type: Legal Fund Vehicle · As-of 2025-06-30

Record Field	Recorded Value	Value Type	Substantiation Status	Field-Specific Source Citation & Audit Note
Fund / Legal Vehicle	NCL Investments III – OOSB	Reported	Table-Substantiated	NorthCarolina_RS/NCRS_PE_2025.pdf (PDF Page 14 of 67 · Printed Page 14) Matched on cited page in 'New & Incremental Investment Commitments - Continued'. Row excerpt: "Ares $500 10/1 NCL Investments III – OOSB"
Disclosed Commitment Amount	$500.0M (raw: 500000000.0)	Reported	Table-Substantiated	NorthCarolina_RS/NCRS_PE_2025.pdf (PDF Page 14 of 67 · Printed Page 14) Substantiated on cited commitment schedule (exact_or_unspecified, USD).
Fund Vintage Year	2025	Reported	Not Yet Page-Verified	NorthCarolina_RS/NCRS_PE_2025.pdf (PDF Page 14 of 67 · Printed Page 14) Retained from allocator disclosure / fund vintage registry without substituting filing year.
Net IRR	Not disclosed	Missing / Unverified	Not Yet Page-Verified	Not disclosed Net IRR is not disclosed for this record (never defaulted to 0 or 1.00x).
TVPI / Net Multiple	Not disclosed	Missing / Unverified	Not Yet Page-Verified	Not disclosed TVPI / Net Multiple is not disclosed for this record (never defaulted to 0 or 1.00x).
DPI (Realized Multiple)	Not disclosed	Missing / Unverified	Not Yet Page-Verified	Not disclosed DPI (Realized Multiple) is not disclosed for this record (never defaulted to 0 or 1.00x).

Archived Filing Excerpt — PDF Page 14 of 67 (Printed Page 14)

Table Class: Commitments Only

Archived file NCRS_PE_2025.pdf · Detected Table Title: New & Incremental Investment Commitments - Continued · Table Units: exact_or_unspecified (USD). Full horizontal row highlighting retains surrounding headers, units, and footnotes.

Download Single-Page PDF

Detected Table Columns: Fund / Investment Name

Matched Horizontal Row Text: Ares $500 10/1 NCL Investments III – OOSB

Archived File Integrity Checksum (SHA-256): 0a3a0979748cbdae…58a35d70071d — SHA-256 is a file-byte integrity check confirming the archived file has not changed since retrieval. It does NOT prove factual or extraction accuracy.

Archived filing excerpt from NCRS_PE_2025.pdf, PDF viewer page 14 (printed page 14), highlighting row for NCL Investments III – OOSB

All 5 Open Public Source Trails for North Carolina Retirement

Click any preview record below to inspect its primary source trail without registration

Open Trail #1 of 5 CAFR / Board Packet · PDF p.14

NCL Investments III – OOSB

Private Equity · 2025 $500.0M

Open Trail #2 of 5 CAFR / Board Packet · PDF p.13

NCL Investments IV - OOSA increase

Private Equity · 2025 $500.0M

Open Trail #3 of 5 CAFR / Board Packet · PDF p.13

Maverick Silicon SMA

Private Equity · 2025 $300.0M

Open Trail #4 of 5 CAFR / Board Packet · PDF p.13

Kohlberg NC Fund

Private Equity · 2025 $250.0M

Open Trail #5 of 5 CAFR / Board Packet · PDF p.13

NCL IV - Secondaries Fund

Secondaries · 2025 $150.0M

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