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% |
| 8% |
5–12% |
|
Energy & Natural Resources |
6% |
3–9% |
*Assets under management: $8 billion (as of December 31, 2020)