(Bismarck, ND) — North Dakota’s in-state Legacy Fund investments are expanding. Officials announced a 150-million-dollar agreement with investment firm GCM Grosvenor, which increases the state’s Legacy Fund value to nearly 12-billion-dollars. The money serves as an alternative source of income for North Dakota in the event the state’s energy industry significantly declines. The recent deal will contribute to the state’s goal of investing 600-million-dollars in North Dakota equity, with the investment expected to take three years to finalize.
