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North Carolina Selects Credit Suisse to Manage $230 Million Innovation Fund
North Carolina State Treasurer Janet Cowell has announced credit services group Credit Suisse will serve as manager of the state's new $230 million innovation fund. The fund, drawn from public pension dollars, will invest in North Carolina-based technology businesses over the next five years. Though full investment guidelines have not yet been developed, investments will be aimed towards high-growth industries, including life sciences, clean energy and other high-tech industries. Read the announcement at: http://www.nctreasurer.com/News/Files/3152010_4123_TREASURER%20COWELL%20ANNOUNCES%20NC%20INNOVATION%20FUND%20FINAL.pdf.