Entities

UNC Management Company

The UNC Management Company provides investment management and administrative services to the University of North Carolina System, its constituent institutions and their affiliated endowments and foundations. It manages the long-term assets of its investors through the UNC Investment Fund, a commingled investment vehicle. UNCMC aims to generate a stable stream of annual spending distributions while also preserving purchasing power after accounting for spending distributions.

ASSET ALLOCATION

Asset Class Target Range
Long Equity 30%
24–36%
Long / Short Equity
15%

10–20%

Diversifying Strategies
10%

6–14%

Fixed Income
9%

5–14%

Cash
2%

-2–8%

Private Equity

20%

15–25%

Real Estate

8%
5–12%

Energy & Natural Resources

6%
3–9%

*Assets under management: $8 billion (as of December 31, 2020)