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North Dakota Growth Fund Receives Additional $150 Million Commitment and Announces Two New Investments

1. Northern Trust secured a $150 million commitment for entrepreneurial investments. 2. This could enhance NTRS's growth through private equity opportunities.

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FAQ

Why Bullish?

The investment signals strong potential for growth in private equity, benefiting NTRS. Historical trends show that similar commitments lead to increased market confidence.

How important is it?

This investment demonstrates Northern Trust’s strong position in alternative assets, likely elevating its market profile and attractiveness.

Why Long Term?

As private equity investments typically take time to yield returns, the impact will materialize over several years.

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FARGO, N. D.--(BUSINESS WIRE)--50 South Capital Advisors, LLC (“50 South Capital”), general partner of the North Dakota Growth Fund (NDGF) and global alternatives investment manager of Northern Trust Asset Management, received a commitment of $150 million from the North Dakota Legacy Fund. This commitment will further support the state's entrepreneurial ecosystem through private equity and venture capital investments that have a strong risk-adjusted return potential and a nexus to the state of.

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