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Archive of Placement Agent Disclosure Letters

The following is an archive of placement agent policy disclosure letters submitted by investment managers.  Click any of the categories to sort the list by that category. 

NOTE:  PA=Placement Agent, Reg. of PA Details=Registration of PA Details, PC Noted=Political Contributions Noted in Letter. 
Click the link under PA Form to view the Placement Agent form for each line.

Placement Agent Disclosures List​
  
  
  
PA Form
  
  
  
PA Compensation
  
  
Count= 372Count= 372Count= 372
Credit StrategiesAG TALF PartnersAngelo GordonNo
No
Credit StrategiesAnchorage Capital PartnersAnchorage Group LLCNo
No
Credit StrategiesAG GECC Public-Private Investment FundAngelo GordonNo
No
Credit StrategiesBrigade LCS Fund, L.P.Brigade Capital ManagementNo
No
Credit StrategiesCitadel Residential Mortgage Opportunites FundCitadel AdvisorsNo
No
Credit StrategiesGSO Capital Opportunities Fund IIGSO Capital PartnersNo
No
Credit StrategiesMagnetar Constellation Fund IVMagnetar CapitalNo
No
Credit StrategiesFortress Credit Opportunities Fund IIIFortress Credit Opportunities Advisors, LLCYesFortress Capital Formation LLCMultiple (reference PA Form)
FCF's entire revenue is derived from an expense sharing arrangement with an affiliate of Fortress.  On a monthly basis, FCF is paid an amount equal to the previous month's expenses incurred by FCF plus 1 per cent of such expenses.  Certain representatives of FCF may be compensated by Fortress based on a number of factors, including the amount of capital they raise for Fortress managed funds, which may include capital raised from the NC funds.
Multiple (reference PA Form)Yes
Credit StrategiesGSO Capital Opportunities FundGSO Capital Partners LPYesThe Park Hill Group LLCMultiple (reference PA Form)
GSO agreed to pay Park Hill in cash in immediately available funds a cash fee equal to 1.5% of the aggregate amount of interests (incuding those interests sold to the Treasurer of the State of North Carolina) sold during the engagement period to investors mutually identified and agreed to.  The full amount of the fee in respect of the initial and any follow-up investments in GSO COF by an investor hall be earned and be payable regardless of the period of time in which the investment is maintained in the Fund, the value of such investment, or the liquidation or dissolution of the Fund.
Multiple (reference PA Form)No
Credit StrategiesOaktree Value Opportunities FundOaktree Capital ManagementYesOCM Investments LLCMultiple (reference PA Form)
OCM is not compensated on a transaction basis for its role as a placement agent to Oaktree-managed funds and is only reimbursed on a cost-plus 10% basis for its costs and expenses.
Multiple (reference PA Form)No
Credit StrategiesMonarch Debt Recovery FundMonarch Alternative CapitalNo
No
Credit StrategiesSaba Capital PartnersSaba Capital PartnersNo
No
Credit StrategiesWLR IV PPIP Co-InvestWL Ross & CompanyNo
No
Credit StrategiesCVI Credit Value Fund IICarVal InvestorsNo
No
Credit StrategiesSilverback Arbitrage FundSilverback Asset ManagementYesNA Investcorp LLCMultiple (reference PA Form)
NAILLC has entered into a marketing and support agreement with its parent, Investcorp Bank BSC.  In exchange for NAILLC providing marketing and support services with regard to the funds or accounts managed or advised by BSC or its affiliates, BSC has agreed to pay a fee to NAILLC each month in the amount equal to one-twelth (1/12th) or 0.3% (0.025%) of the amount of all funds raised by NAILLC that remained invested during such month.
Multiple (reference PA Form)No
Credit StrategiesVarde Fund XVarde Management, LPYesPrivate Fund Advisory Group of Lazard Freres & Co. LLC and Lazard & Co. LimitedMultiple (reference PA Form)
Lazard is paid ongoing consulting fees that are offset against certain fees Lazard earns based on percentages of up to 1.75% of the capital commitments to The Varde Fund X by various categories of prospective investors.  Under the agreement, Lazard will also be reimbursed for certain reasonable out-of-pocket charges.  All fees shall be paid to Lazard on or before the date that is 42 months from the date of initial closing.
Multiple (reference PA Form)No
Credit StrategiesPAAMCO-Newport BurgundyPAAMCONo
Will not exceed $150
Credit StrategiesCVI Credit Value Fund CarVal InvestorsNo
No
Credit StrategiesStepStone Pioneer Capital IStepStone Group LLCNo
No
Credit StrategiesHighbridge Irish Specialty Loan Fund IIIHighbridge Capital Management, LLCNo
No
Credit StrategiesGSO Capital Solutions Fund IIGSO Capital PartnersNo
No
Credit StrategiesClaren Road Opportunities Partners, L.P.Claren Road Asset ManagementNo
No
Credit StrategiesMarathon Currituck FundMarathon Asset ManagementNo
No
Credit StrategiesBenefit Street Partners Capital Opportunity Fund/Providence Debt Fund IIIBenefit Street PartnersNo
No
Credit StrategiesAngelo Gordon Global Debt Strategy Partners, L.P.Angelo GordonNo
No
Credit StrategiesClaren Road Credit FundClaren Road Asset ManagementNo
No
Credit StrategiesBrightwood Capital Fund IIIBrightwood CapitalNo
No
Credit StrategiesMetric Capital Partners Fund IIMetric CapitalNo
No
Credit StrategiesCVI Credit Value Fund IIICarVal InvestorsNo
No
Escheat FundGSO Capital Opportunities FundGSO Capital Partners LPYesThe Park Hill Group LLCMultiple (reference PA Form)
  GSO agreed to pay Park Hill in cash in immediately available funds a cash fee equal to 1.5% of the aggregate amount of interests (incuding those interests sold to the Treasurer of the State of North Carolina) sold during the engagement period to investors mutually identified and agreed to.  The full amount of the fee in respect of the initial and any follow-up investments in GSO COF by an investor hall be earned and be payable regardless of the period of time in which the investment is maintained in the Fund, the value of such investment, or the liquidation or dissolution of the Fund.
Multiple (reference PA Form)No
Escheat FundStepStone Pioneer Opp. Fund IIStepStone Group LLCNo
No
Escheat FundSynergy Life Science Partners, L.P.Synergy Life Science PartnersNo
No
Escheat FundDogwood Equity Fund II, L.P.Dogwood EquityNo
No
Escheat FundGuggenheim PLUS IIGuggenheim Real Estate LLCNo
No
Global EquityBaillie Gifford EAFEBaillie GiffordNo
No
Global EquityBaillie Gifford Emerging MarketsBaillie GiffordNo
No
Global EquityBlackRock ACWI ex US IMI BlackRockNo
No
Global EquityBlackRock Emerging MarketsBlackRockNo
No
Global EquityBlackRock Frontier MarketsBlackRockNo
No
Global EquityFirst Citizens Large CapFirst Citizens BankNo
No
Global EquityFranklin Templeton International Small CapTempleton Investment, LLCNo
No
Global EquityBlackRock MSCI EAFE IMIBlackRockNo
No
Global EquityMCM Large Cap PassiveMellon Capital ManagementNo
No
Global EquityGladius AconcaguaGladius Investment GroupNo
No
Global EquityMondrian Emerging Markets EquityMondrian Investment PartnersNo
No
Global EquityMCM Mid Cap PassiveMellon Capital ManagementNo
No
Global EquityMondrian International Small CapMondrian Investment PartnersNo
No
Global EquityMSCI ACWI ex-U.S. Strategy Emerging ManagersFIS GroupNo
No
Global EquityBlackRock MSCI CanadaBlackRockNo
No
Global EquityGMO InternationalGrantham, Mayo Van Otterloo & Co. LLCNo
No
Global EquityBrown Small CapBrown AdvisoryNo
No
Global EquityOechsle SelectOechsle International AdvisorsNo
No
Global EquityNumeric Small Cap ValueNumeric InvestorsNo
No
Global EquityNumeric Emerging GrowthNumeric InvestorsNo
No
Global EquityRelational Inestors Large CapRelational InvestorsNo
No
Global EquityRhumbLine Russell 200 PassiveRhumbLine AdvisorsNo
No
Global EquityRussell 1000 Strategy Emerging ManagersLeading EdgeNo
No
Global EquityRussell Mid-Cap Separate AccountBlackRockNo
No
Global EquityRussell 1000 Index Separate AccountBlackRockNo
No
Global EquitySands Large Cap GrowthSands CapitalNo
No
Global EquityRussell Top 200 Index Separate AccountBlackRockNo
No
Global EquityTimesSquare Mid Cap FocusedTimesSquareNo
No
Global EquityPiedmont Strategic CorePiedmont Investment AdvisorsNo
No
Global EquityTiger Tar Heel PartnersTiger THPNo
No
Global EquityBlackRock MSCI ACWI ex-US SCBlackRockNo
No
Global EquityWellington International Wellington Management CompanyNo
No
Global EquityTimesSquare Mid Cap GrowthTimesSquareNo
No
Global EquityWellington Opportunistic GrowthWellington Management CompanyNo
No
Global EquitySterling Small Cap ValueSterling CapitalNo
No
Global EquityWellington Mid Cap OpportunitiesWellington Management CompanyNo
No
Global EquityWellington Large Cap ValueWellington Management CompanyNo
No
Global EquityWalter Scott InternationalWalter ScottNo
No
Global EquityEmerging Markets Opportunity Fund (or Emerging/Frontier)BlackRockNo
No
Global EquityBrandes Global EquityBrandes Investment PartnersNo
No
Global EquityWasatch Emerging Markets Small CapWasatch Advisors IncNo
No
Global EquityOld North State Hedged Equity Fund 1 (NCRS Interim Beta Strategy)BlackRockNo
No
Global EquityPiedmont Russell 200 PassivePiedmont Investment AdvisorsNo
No
Global EquityEarnest Small Cap ValueEarnest PartnersYesPrudential Securities Inc.Louis Dworsky
5% of the fees earned and received by Earnest Partners as long as Mr. Louis Dworsky is employment by Placement Agent.  Ceased 4th quarter of 2006.
UnknownNo
Global EquityLongview Global EquityLongview PartnersYesWhitman and CompanyMultiple (reference PA Form)
Agreement between Longview Partners (Guernsey) Limited and Whitman  and Company is as follows:  Year 1, 25% of fees; Year 2, 20% of fees; Year 3, 15% of fees; Year 4, 15% of fees; Year 5, 10% of fees.  Whitman and Company has an arrangement with Elie Sullivan to pay Howard Street Partners 30% of the fees it receives.
Multiple (reference PA Form)No
Global EquityValueAct Capital PartnersValueAct Capital ManagementNo
No
Global EquityECM Feeder Fund 2, LPEffissimo Capital ManagementNo
No
Global EquityAG Pisgah, L.P.Angelo GordonNo
No
Global EquityBlackRock EAFE LC GrowthBlackRockNo
No
Hedge FundsFranklin Street Multi-Strategy FundFranklin Street AdvisorsNo
No
Hedge FundsSCS Institutional Global Series ISCS Financial ServicesYesAqueduct Capital Group LLCMultiple (reference PA Form)
SCS to provide Aqueduct Capital Group LLC 20% of any management and incentive fees received by SCS Financial Services, that are attributable to the services provided by Aqueduct.
Multiple (reference PA Form)No
Hedge FundsTaconic Capital Partners IITaconic Capital Advisors LPNo
No
Hedge FundsBroyhill All Weather FundThe Broyhill All Weather FundNo
No
Hedge FundsAG Cataloochee, L.P.Angelo GordonNo
No
Inflation PortfolioArcLight Energy Partners Fund VArcLight Capital HoldingsYesFAP USA LPMultiple (reference PA Form)
As a result of Madison William's assignment of its placement agent to FAP USA LP, FAP is entitled to a placement fee equal to the sum of 1% of the amount by which the aggregate capital commitments received by ArcLight from all Institutional Carve-Out Investors (as defined in a written Placement Agreement signed April 14, 2011 as assigned to FAP USA LP and which includes the State of North Carolina) exceeds $500M.  FAP is entitled to $217.5K under this agreement which is partially as a result of the State of North Carolina's commitment. 
Multiple (reference PA Form)No
Inflation PortfolioBlackstone Energy PartnersBlackstone Energy Management Associates LLC and other Blackstone Group entitiesNo
No
Inflation PortfolioCapital Dynamics US Solar Energy FundCapital DynamicsYesN/AWilliam Lomax
5/31/2012:  A non-deductible monthly consulting fee of US $10,416.66 per month; A non-deductible monthly marketing fee of US$10,416.66 per month.  Total monthly fees are US$20,833.32;  6/26/2012:  Base salary compensation $200K per annum.  Capital Dynamics commission structure for Business Development employees provides a commission of 10% of the total fee collected over the first five years of the fund. (In effect, 50% of the first year fee.)
5/31/2012: FINRA Series 7, 63, 79, 99 and 24; 6/26/2012: FINRA Series 7, 82 and 63No
Inflation PortfolioBrookfield Infrastructure Fund IIBrookfield Asset Management Private Institutional Capital Advisor (Canada) LPYesBrookfield Private Advisors LLCMultiple (reference PA Form)
There is not a direct correlation between the amount of capital raised in relation to any particular investor and the amount of compensation provided to BPAL.  In other words, BPAL will not receive a set dollar amount or percentage of an investor's commitment to a specific Brookfield fund.  An affiliate agreement governs the compensation arrangements among BAM, BPAL and their employees/Registered Representatives.  Brookfield retains flexibility to hire third-party placement agents, but (1) this was not done in connection with the Treasurer's investment and (2) in respect to any other investment, 100% of the cost of such arrangement is borne by Brookfield.
SEC and FINRANo
Inflation PortfolioDenham Capital Oil and Gas Co-Invest FundDenham Capital Management LPNo
No
Inflation PortfolioDenham Commodity Partners Fund VIDenham CapitalYesThe Park Hill Group LLCMultiple (reference PA Form)
Entitled to receive a fee equal to the commitment of a limited partner to Denham Commodity Partners Fund VI LP(together with its associated investment vehicles), multiplied by a rate of 0.10%, 0.65% or 1.40%.  The placement agent agreement between the Investment Manager and the Placement Agent specifies the particular rate applicable to certain prospective limited partners, as negotiated between the Investment Manager and the Placement Agent.  Unless otherwise specified in the placement agreement, the applicable rate is 1.40%  The rate applicable to any commitment made by the Treasurer to the Fund will not exceed 1.40%.
Multiple (reference PA Form)No
Inflation PortfolioEIF US Power Fund IVEIF ManagementYesAtlantic Pacific Capital, Inc.Atlantic Pacific Capital, Inc
A nonrefundable retainer equal to $100K was paid and will be credited against the first installment of the placement fee.  A placement fee equal to (i) 0.50% of all capital commitments made to the Fund by existing investors (with some exclusions) until the aggregate capital commitments equal $900M; plus (ii) 1.75% of all capital commitments made to the Fund in excess of $900M.
SEC, FINRA, SEC Muni AdvisoryNo
Inflation PortfolioCredit Suisse Enhanced Commodities Index FundCredit Suisse GroupNo
No
Inflation PortfolioEIG Energy Fund XVI, L.P.EIG Management CompanyYesCredit Suisse Securities (USA) LLCMultiple (reference PA Form)
Pursuant to the Agreement, CS will be compensated with a non-refundable cash retainer and a fee based on a percentage of a certain aggregate principal amount of securities sold to certain limited partners as defined and agreed upon by the Company and CS.  Notwithstanding this, if any applicable law, regulation or policy prohibits the Company from paying a specific form of compensation to CS (contingent or otherwise) for CS's assistance in doing business with a particular prospective investor, CS shall not be entitled to such specified compensation as part of its fee for providing assistance to the General Partner with respect to such prospective investor.  The total value of fee  payments to CS cannot be determined until final subscriptions have been determined.
Multiple (reference PA Form)No
Inflation PortfolioEnergy Capital Partners IIEnergy Capital PartnersYesThe Park Hill Group LLCMultiple (reference PA Form)
See PA disclosure letter.  Primary provision provides that Energy Capital Partners II LP shall pay the placement agent (i) A fee of 0.2464% on total aggregate Interests sold by the Fund up to $3.5B;  (ii) a fee of 100 basis points (1.00%) on total aggregate Interests sold by the Fund in excess of $3.5B up to $4B; (iii) a fee of 75 basis points (.75%) on total aggregate Interests sold by the Fund in excess of $4B up to $4.5B; and (iv) a fee of 50 basis points (.50%) on total aggregate Interests sold by the fund in excess of $4.5B.  Other provisions govern payment of expenses and a potential discretionary bonus from Energy Capital Partners II LP.
Multiple (reference PA Form)No
Inflation PortfolioEnCap Energy Capital Fund VIIIEnCap InvestmentsNo
No
Inflation PortfolioGSO Bakken Holdings I LPGSO Capital PartnersNo
No
Inflation PortfolioGresham TAP FlexGresham Investment ManagementNo
No
Inflation PortfolioLindsay Goldberg III Formation EnergyGoldberg Lindsay & Co LLCNo
No
Inflation PortfolioMTP Energy FundMagnetar CapitalNo
No
Inflation PortfolioGSO Foreland Resources Co-InvestGSO Capital PartnersNo
No
Inflation PortfolioNorth Star Investment Series II (Co-Invest)Wood Creek Capital ManagementYesNorfolk Markets LLCMultiple (reference PA Form)
No compensation has been or will be paid in connection with the North Carolina account.
Multiple (reference PA Form)No
Inflation PortfolioGSO Energy Partners - B LPGSO Capital PartnersNo
No
Inflation PortfolioIntervale Capital Fund IIIntervale Capital, LLCYesPrivate Fund Group of Credit Suisse Securities (USA) LLCMultiple (reference PA Form)
PA Form dated 6/21/12 was designated as confidential by submitter.  PA Form was updated on 3/23/2015 and the fund disclosed that it no longer uses or compensates placement agents to assist in obtaining investments from, or business with, any of the NC Funds.
Multiple (reference PA Form)No
Inflation PortfolioEnCap Energy Capital Fund VIII Co-InvestEnCap InvestmentsNo
No
Inflation PortfolioNorth Star Investment Holdings Series I, LLCWood Creek Capital ManagementYesNorfolk Markets LLCMultiple (reference PA Form)
No compensation has been or will be paid in connection with the North Carolina account.
Multiple (reference PA Form)No
Inflation PortfolioPerella Weinburg Partners ABV Opp Fund IIIPerella Weinburg PartnersYesPerella Weinberg Partners LPMultiple (reference PA Form)
Employees of the Placement Agent who are responsible for soliciting receive a compensation package which includes a base salary plus a discretionary bonus.  Employees are not paid commissions, nor are they compensated in whole or in part upon an investment from or business with any of the NC Funds.
Multiple (reference PA Form)No
Inflation PortfolioQuintana Energy II Co-InvestQuintana Capital GroupNo
No
Inflation PortfolioQuintana Energy I, L.P.Quintana Capital GroupNo
No
Inflation PortfolioQuintana Energy I Co-InvestmentQuintana Capital GroupNo
No
Inflation PortfolioQuintana Energy Partners II, L.P.Quintana Capital GroupNo
No
Inflation PortfolioOrion Mine Finance I (formerly RK Mine Finance Fund II)Orion Resource PartnersYesEaton Partners LLCMultiple (reference PA Form)
(i) A monthly retainer fee of $25K per month, which will be a credit against the incentive fee earned by Eaton in excess of $3M; (ii) a reimbursement of all expenses not to exceed $120K on an annual basis; (iii) an incentive fee equal to 0.75%, 2.0%, or 1.0% (depending on the type of investor) of Capital Commitments; and (iv) a reinvestment fee if Eaton is not rehired a a placement agent for a subsequent fund.
Multiple (reference PA Form)No
Inflation PortfolioSheridan Production Partners IISheridan Production PartnersNo
No
Inflation PortfolioMTP Energy Opportunities FundMagnetar CapitalNo
No
Inflation PortfolioVermillion CeladonVermillionNo
No
Inflation PortfolioSheridan Production Partners I, L.P.Sheridan Production Company LLCNo
No
Inflation PortfolioCampbell Timber Fund III, LLCThe Campbell GroupNo
No
Inflation PortfolioArcLight Shore Co-Investment Holdings IIArcLight Capital HoldingsNo
No
Inflation PortfolioIFM Global Infrastructure FundIndustry Funds ManagementNo
No
Inflation PortfolioIntervale Capital IIIIntervale Capital, LLCYesPrivate Fund Group of Credit Suisse Securities (USA) LLCRyan Schlitt
Not compensated as a result of North Carolina's investment.
Series 7 and 63No
Inflation PortfolioOrion Mine Finance Fund I-AOrion Resource PartnersNo
No
Inflation PortfolioVarde Fund XIVarde PartnersNo
No
Inflation PortfolioBlackstone Granite Fund Ltd. - Class D Shares - Bayview Opportunity Fund IVBBayview Asset Management LLCNo
No
Inflation PortfolioStrategic Partners NC Real Asset Opportunities and Strategic Partners Fund VIStrategic Partners Fund Solution AdvisorsNo
No
Inflation PortfolioJade Real Assets Fund, L.P.Highbridge Principal StrategiesYesJ.P. Morgan Institutional Investments, Inc.Jeffrey Fox
JPMAM Holdings will pay to JPMII fees equal to 25% of the fund management fees (excluding any performance fees) attributable to the clients for which JPMII has acted as the Placement Agent.  In turn, JPMII will pay JPMIM 90% of the fees collected from JPMAM Holdings.
Series 7 and 63No
Inflation PortfolioBlackstone Energy Partners IIBlackstone Energy Management Associates LLC and other Blackstone Group entitiesNo
No
Inflation PortfolioLandmark Real Asset SMA and Landmark Real Estate Partners VIILandmark PartnersNo
No
Inflation PortfolioEnCap Energy Capital Fund XEnCap InvestmentsNo
No
Inflation PortfolioMTP Energy Opportunities Fund IIMagnetar CapitalNo
No
Inflation PortfolioBlackstone Granite Fund Ltd. - Class A Shares (Blackstone Resources Select)Blackstone Alternative Asset ManagementNo
No
Inflation PortfolioStrategic Partners NC Real Asset Opportunities (Overage), L.P.Strategic Partners Fund Solution AdvisorsNo
No
Inflation PortfolioEnergy Capital Partners II (Summit Co-invest)Energy Capital PartnersNo
No
Inflation PortfolioEnergy Capital Partners IIIEnergy Capital PartnersNo
No
Inflation PortfolioBlackstone Granite Fund Ltd. - Class B SharesBlackstone Alternative Asset ManagementYesBlackstone Advisory Partners LPIliana Sobczak
BAP was not compensated for such services as placement agent.  Placement Agent Form dated 8/13/2014 denotes a new fund manager, Taylor Woods Capital Management.  TWCM does not use or compensate placement agents.
UnknownNo
Inflation PortfolioUS TIPS Index Separate AccountBlackRockNo
No
Inflation PortfolioBlackstone Granite Fund Ltd. - Class C SharesBlackstone Alternative Asset ManagementYesBlackstone Advisory Partners LPIliana Sobczak
BAP is not compensated for such services as placement agent.
UnknownNo
Inflation PortfolioDL Blue Diamond FundDoubleline CapitalNo
No
Private EquityAccel-KKR Capital Partners IVAKKR Management CompanyNo
No
Private EquityAcademy Venture Fund, LLCAcademy Venture Fund, LLCNo
No
Private EquityAngeleno Investors II, L.P.Angeleno Group Management LLCNo
No
Private EquityAmpersand 2006 Limited PartnershipAmpersand Venture Management TrustNo
N/A
Private EquityApollo Investment Fund VI, L.P.AIF Management LLCYesAvid Partners LLCPamela J. Joyner
Apollo Management LP and its affiliates paid Avid Partner LLC a total of $2.4Mfor its services regarding various investors in Apollo Investment Fund VI LP.  Apollo internally allocated $1.5M of this fee to North Carolina Retirement Systems' commitment to invest $150M in AIF VI.
NoneNo
Private EquityARCH Venture Fund VII, L.P.ARCH Venture PartnersNo
No
Private EquityAurora Ventures V, LLCAurora Ventures Management V LLCNo
No
Private EquityAvista Capital Partners I, L.P.Avista Capital Holdings LPYesMerrill Lynch and Arapaho Partners LLCMultiple (reference PA Form)
Merrill Lynch:  $250K Fee commencing in 2006; Arapaho:  $1M Fee in 2006
Multiple (reference PA Form)No
Private EquityApollo Investment Fund VII, L.P. (Closed)AIF VII Management LLCNo
No
Private EquityBurrill Life Sciences Capital Fund III, L.P.Burrill & CompanyYesThomas Capital Group, Inc.Multiple (reference PA Form)
Non refundable retainer of $400K.  Fee of 1.5% of commitments to the Burrill Life Sciences Capital Fund by investors in the prior fund BLSCG, who were introduced by TDH.  Fee of .5% on all other commitments to BLSCF III, excluding certain investors in the Middle East.  Fee of .1% on any commitments from Middle East investors.
Multiple (reference PA Form)No
Private EquityCarousel Capital Partners III, L.P.Carousel CapitalNo
No
Private EquityBurrill Life Sciences Capital Fund, L.P.Burrill & CompanyYesThomas Capital Group, Inc.Multiple (reference PA Form)
Non refundable retainer of $150K.  Fee of 2% of commitments to the Burrill Life Sciences Capital Fund from all investors that TCG had previously introduced or introduces in the future to BLSCF.  Fee of 1% of commitments to BLSCF on all other investors who committed subsequent to the initial closing, excluding those which have invested in one of Burrill's pre-existing sector funds.
Multiple (reference PA Form)No
Private EquityAvista Capital Partners II, L.P.Avista Capital Holdings LPYesAqueduct Capital Group, LLC and Cue Capital Limited PartnershipMultiple (reference PA Form)
Aqueduct:  $1M fee, commencing in August 2008;  Cue:  $250K fee, commencing in 2008
Multiple (reference PA Form)No
Private EquityCastle Harlan Partners IV, L.P.Castle Harlan, Inc.YesMerrill Lynch (2001-2003); Mercury Capital Advisors (2009-present)Multiple (reference PA Form)
Merrill Lynch:  .25% of any commitments from current limited partners in any Castle Harlan funds.  No payments have been made to the Placement Agent; their placement business has been terminated and CH is disputing any amounts due.  Mercury Capital Advisors (2009-present)
SEC and FINRANo
Private EquityCatterton Growth Partners IICatterton PartnersYesIneo Capital LLCMark Sirinyan
Placement Fee to be paid to Ineo Capital will be equal to a flat fee in the event the commitments to the fund raised from all sources exceeds $250M.  Ineo Capital may also be paid a success bonus; the payment and amount determined at sole discretion of Catterton with no pre-established range or target.
Series 7, 24, 28 and 63No
Private EquityAvista Capital Partners III, L.P.Avista Capital Holdings LPNo
No
Private EquityCastle Harlan Partners V, L.P.Castle Harlan, Inc.YesMerrill Lynch Not Provided
Merrill Lynch:  .25% of any commitments from current limited partners in any Castle Harlan funds.  No payments have been made to the Placement Agent; their placement business has been terminated and CH is disputing any amounts due.
Not ProvidedNo
Private EquityChapter IV Investors Special Situations Fund, L.P.First Citizens BankNo
No
Private EquityCrestview Partners II, L.P.Crestview Advisors LLCNo
No
Private EquityCharterhouse Capital Partners IX, L.P.Charterhouse General PartnersNo
No
Private EquityCredit Suisse NC Innovation FundCredit Suisse (DLJ MB Advisors, Inc. is investment)No
No
Private EquityCrestview Partners III, L.P.Crestview Advisors LLCNo
No
Private EquityCVC Capital Partners VI, L.P.CVC Capital PartnersNo
No
Private EquityColler International Partners IV, L.P.Coller Investment Management LimitedYesPrivate Funds Group of Credit Suisse Securities (USA) LLCMultiple (reference PA Form)
Cash retainer of $2M.  1% fee for the first $750M in commitments by new investors.  1.75% fee for the amounts in excess of $750M committeed by new investors.  Bonus of $1M due to 60% of prospective names investors committing to the Fund.  Cash retainer payable when Fund first received capital contributions from investors.  Fees became payable upon acceptance of investor subscriptions to the Fund.  Bonus paid when 60% investment threshold was satisfied.
Multiple (reference PA Form)No
Private EquityFranklin Fairview I, L.P.Franklin-Fairview I, LPNo
No
Private EquityDLJ Merchant Banking Partners II, L.P.DLJ Merchant Banking II Inc.YesPrivate Fund Group of Credit Suisse Securities (USA) LLCMultiple (reference PA Form)
Per the Engagement Letter, the company agreed to pay PFG a cash fee equal to 2.0% of aggregate principal amount of securities sold, excluding securities sold to select investors with existing relationships with the company.  In addition, the company agreed to reimburse PFG's out-of-pocket expenses.
Multiple (reference PA Form)No
Private EquityHalifax Capital Partners IIIThe Halifax GroupNo
No
Private EquityElevation Partners, L.P.Elevation PartnersYesMerrill Lynch & Co.Multiple (reference PA Form)
Reference PA Form
Multiple (reference PA Form)No
Private EquityHalifax Capital Partners II, L.P.Halifax Investment Management LLCYesDesignated as Confidential by Submitter
Designated as Confidential by Submitter
No
Private EquityHarvest Partners V, L.P.Harvest Advisors V LLCYesPrivate Funds Group of Credit Suisse Securities (USA) LLCMultiple (reference PA Form)
Designated as Confidential by Submitter
Multiple (reference PA Form)No
Private EquityHarvest Partners VIHarvest PartnersYesPrivate Fund Group of Credit Suisse Securities (USA) LLCMultiple (reference PA Form)
Designated as Confidential by Submitter
Multiple (reference PA Form)No
Private EquityHarbourVest Partners III, L.P. (Closed)HarbourVest Partners LLCNo
No
Private EquityHatteras Venture Partners III, L.P.Hatteras Venture PartnersNo
No
Private EquityHighland Consumer Fund I, L.P.Highland Consumer Partners Management Co. LLNo
No
Private EquityHighland Capital Partners VI, L.P.Highland Capital PartnersNo
No
Private EquityHorsley Bridge International IV, L.P.Horsley Bridge Partners LLCNo
See PA Form
Private EquityFrancisco Partners II, L.P.Francisco PartnersYesLazard Freres & Co.Multiple (reference PA Form)
Lazard was hired to facilitate the fundraising of Francisco Partners II LP.  Their compensation was driven by a tiered percent of total commitments.  Based on the NC commitment of $60M, and the timing thereof in relation to the overall fundraising effort, Lazard Freres received a fee of $1.2M.  All fees paid to Lazard directly reduces any Management Fees incurred by the Fund.  The specific compensation formula was 1.0% of commitments between $1.0 and $1.25B, 1.5% of commitments from $1.25B and $1.4B; and 2.0% of commitments in excess of $1.4B.
Multiple (reference PA Form)No
Private EquityHorsley Bridge International V, L.P.Horsley Bridge Partners LLCNo
See PA Form
Private EquityCVC Europe Equity Partners IV, L.P.CVC Capital PartnersNo
No
Private EquityIntersouth Partners VI, L.P.Intersouth Partners III and VI LPNo
No
Private EquityIntersouth Partners III, L.P.Intersouth Partners III and VI LPNo
No
Private EquityHG Capital 7HG Capital PartnersYesPrivate Fund Group of Credit Suisse Securities (USA) LLCMultiple (reference PA Form)
Designated as Confidential by Submitter
Multiple (reference PA Form)No
Private EquityHighland Capital Partners VII, L.P.Highland Capital PartnersNo
No
Private EquityHorsley Bridge IX, L.P.Horsley Bridge Partners LLCNo
See PA Form
Private EquityCatterton Growth Partners, L.P.Catterton PartnersYesIneo Capital LLCMark Sirinyan
Ineo Capital received a flat fee of $250K for its services as the global placement agent for Catterton Growth Partners.  Ineo Capital received no compensation on an investor-by-investor basis.
Series 7, 24, 28 and 63No
Private EquityLexington Middle Market Investors II, L.P.Lexington Advisors Inc.No
No
Private EquityLexington Middle Market Investors, L.P.Lexington Advisors Inc.No
No
Private EquityLindsay Goldberg & Bessemer II, LPGoldberg Lindsay & Co LLCNo
No
Private EquityLindsay Goldberg III, LPGoldberg Lindsay & Co LLCNo
No
Private EquityMarlin Equity IVMarlin Equity PartnersYesCredit Suisse Securities (USA) LLCMultiple (reference PA Form)
See disclosure letter.  External manager to pay fixed fee of $1.0M and fee equal to (i) 0.15% of first $1.35 billion of aggregate securities sold and (ii) 0.60% of aggregate securities sold in excess of $1.35 billion.  Expenses also to be reimbursed.
Multiple (reference PA Form)No
Private EquityMarkstone Capital Partners, L.P.Markstone Capital GroupNo
No
Private EquityMilestone Partners IVMilestone PartnersYesCSP Securities LPMultiple (reference PA Form)
Success fees based on the following calculation:  (i) the product of multiplying the aggregate capital commitments to the Fund by Shared Investors by 1.0%; plus (ii) the product of multiplying aggregate capital commitments to the Fund by CSP Investors by 2.0%; plus (iii) the product of multiplying the aggregate capital commitments to the Fund by Shared European Investors by 1.0%.
Multiple (reference PA Form)No
Private EquityMatlinPatterson Global Opportunities Partners IIIMatlinPatterson Global Advisers LLCYesLazard Freres & Co. LLC
The Placement Agent received compensation calculated as a percentage of aggregate capital commitments accepted by MatlinPatterson Global Opportunities Partners III LP, and not with respect to the NC Funds or any other particular investor.
No
Private EquityLevine Leichtman Capital Partners VLevine Leichtman Capital PartnersNo
No
Private EquityNCEF Liquidating TrustNCEF Liquidating TrustNo
No
Private EquityMount Kellett Capital Partners IIMount Kellett Capital Management LPYesBTIG LLCKaren Seitz
The fee paid to Placement Agent will be an amount equal to 2.5% of the aggregate dollar amount of all capital comitments to Mount Kellet Capital Partners II LP made by the Treasurer.
FINRA, SEC, SEC Muni AdvisoryNo
Private EquityKitty Hawk Capital III, L.P. (Closed)Kitty Hawk Partners LimitedNo
No
Private EquityKRG Capital Fund II, L.P.KRG Capital PartnersYesChase Securities Inc/JP Morgan Securities IncReference PA Form
Placement agent earned a cash fee ranging from 1-2% of capital committed to KRG II, excluding capital committed by high net worth "friends and family" investors.  Such fee, which totaled $5.5M, was payable to the Placement Agent from the closing of KRG II (April 2002) through September 2004.
Reference PA FormNo
Private EquityNEA 14NEA 14 GP, LtdNo
No
Private EquityKRG Capital Fund III, L.P.KRG Capital PartnersYesProbitas Funds Group LLCMultiple (reference PA Form)
Placement agent earned a cash fee of 1% of all capital committed to KRG III.  Such fee, which totaled $4.9M, was payable to the Placement Agent from the closing of KRG III (March 2005) through December 2006.
Multiple (reference PA Form)No
Private EquityNovak Biddle Venture Partners III, L.P.Novak Biddle Venture PartnersNo
No
Private EquityNovak Biddle Venture Partners IV, L.P.Novak Biddle Venture PartnersNo
No
Private EquityPappas Life Science Ventures III, L.P.Pappas VenturesNo
No
Private EquityPerseus Market Opportunity Fund, L.P.Perseus LLCNo
No
Private EquityPappas Life Science Ventures IV, L.P.Pappas VenturesNo
See PA Form
Private EquityOaktree European Principal Fund IIIOaktree Capital ManagementYesOCM Investments LLCMultiple (reference PA Form)
OCM is not compensated on a transaction basis for its role as a placement agent to Oaktree-managed funds and is only reimbursed on a cost-plus 10% basis for tis costs and expenses.
Multiple (reference PA Form)No
Private EquityNovak Biddle Venture Partners V, L.P.Novak Biddle Venture PartnersNo
No
Private EquityPappas Life Science Ventures II, L.P.Pappas VenturesNo
No
Private EquityPerseus Partners VII, L.P.Perseus LLCNo
No
Private EquityRobeco Clean Tech IIRobeco Insitutional Asset ManagementYesWanda G. Henton (Brown)
The Placement Agent was contracted to receive a retainer of $5,500.00 per month between December 1, 2004 and October 1, 2005.  In addition, the contract terms state that the PA was to receive "a fee equal to 1.35% all commitments made to the Funds by all U.S. investors"...increased with 0.65% to 2.0% for direct investments.  In addition, the same fees were to be paid for commitments made by ex-US investors mutually identified as prospective investors.
Series 7, 24, 53, 63No
Private EquityQuaker BioVentures II, L.P.Quaker BioVenturesNo
No
Private EquityStarVest Partners IIStarVest Associates II LLCYesJuniper Capital Group LLCMultiple (reference PA Form)
See disclosure letter.  The potential compensation to the placement agent was a contingent fee based on a percentage of the assets raised and varied based on a predetermined list of investor prospects.  The final fee was 1.5% of the final commitments of certain investors in StarVest Partners II LP.  The placement agent also received a monthly retainer and was reimbursed for certain expenses.
Multiple (reference PA Form)No
Private EquityRobeco Clean Tech II Co-InvRobeco Insitutional Asset ManagementYesWanda G. Henton (Brown)
The Placement Agent was contracted to receive a retainer of $5,500.00 per month between December 1, 2004 and October 1, 2005.  In addition, the contract terms state that the PA was to receive "a fee equal to 1.35% all commitments made to the Funds by all U.S. investors"...increased with 0.65% to 2.0% for direct investments.  In addition, the same fees were to be paid for commitments made by ex-US investors mutually identified as prospective investors.
Series 7, 24, 53, 63No
Private EquityTenaya Capital Fund VTenaya CapitalNo
No
Private EquityStepStone SYNStepStone Group LLCNo
No
Private EquityTerra Firma Capital Partners II, LP.Terra Firma InvestmentsYesMerrill Lynch, Pierce, Fenner & Smith Inc and Citigroup Global Markets Inc
Designated as Confidential by Submitter
SECNo
Private EquityVista Equity Partners Fund IVVista Equity PartnersNo
No
Private EquityTudor Ventures III, L.P.Tudor VenturesYesBear Stearns
2% of capital raised paid in four installments as follows:  .5% at final closing, .5% at 1st year anniversary, .5% at 2nd year anniversary, and .5% at 3rd year anniversary.  No additional payment obligations were created.
No
Private EquitySynergy Life Science Partners, L.P.Synergy Life Science PartnersNo
No
Private EquityTCV VIII, L.P.Technology Crossover VenturesNo
No
Private EquityTenaya Capital VITenaya Capital PartnersNo
No
Private EquityWarburg Pincus Private Equity X - 50Warburg Pincus LLCNo
No
Private EquityStepStone Pioneer Capital IIStepStone Group LLCNo
No
Private EquityWarburg Pincus Private Equity IX, L.P.Warburg Pincus LLCNo
No
Private EquityWarburg Pincus Private Equity XIWarburg Pincus LLCNo
No
Private EquityWLR Recovery Fund IV, L.P.WL Ross & Co LLCNo
No
Private EquityWarburg Pincus Private Equity X - 10Warburg Pincus LLCNo
No
Private EquityTerra Firma Capital Partners III, L.P.Terra Firma InvestmentsYesMerrill Lynch, Pierce, Fenner & Smith Inc and Citigroup Global Markets Inc
Designated as Confidential by Submitter
SECNo
Private EquityWarburg Pincus Private Equity X - 40Warburg Pincus LLCNo
No
Private EquityStepStone Pioneer Capital EuropeStepStone Group LLCNo
No
Private EquityWLR AGO Co-Inv, L.P.WL Ross & Co LLCNo
No
Private EquityWLR AHM Co-Inv, L.P.WL Ross & Co LLCNo
No
Private EquityApollo Investment Fund VIIIApollo Management VIII LPYesReston Blumwest, Stephanie DreshcerMultiple
Placement Agents not hired specifically to solicit an investment or other business with North Carolina.  She is entitled to annual salary, bonus and/or related or similar compensation but is not compensated, nor has Apollo Management VIII LP or any of its principals, employees, agents, or affiliates agreed to compensate her as a result of the Treasurer's investment in the Investment Transaction.
Multiple (reference PA Form)No
Private EquityCarousel Capital Partners IVCarousel CapitalYesPrivate Fund Group of Credit Suisse Securities (USA) LLCMultiple (reference PA Form)
Designated as Confidential by Submitter
SEC and FINRANo
Private EquityARCH Venture Fund VIIIARCH Venture PartnersNo
No
Private EquityLexington Middle Market Investors IIILexington Advisors Inc.No
No
Private EquityCatterton Partners VIICatterton PartnersYesIneo Capital LLCMark Sirinyan
A flat fee of US $1,000,000; a variable fee equal to 1.0% of the Equity raised from any and all sources for the Funds (excluding principals of Catterton or Excluded Public Investors); and at the sole discretion of Catterton, a success bonus in an amount to be determined by Catterton.
Series 7, 24, 28 and 63No
Private EquityCVE Kauffman Fund ITrue Bridge Capital PartnersNo
No
Private EquityBurrill Life Sciences Capital Fund III, L.P.BAR Capital Management LLCNo
No
Private EquityLongreach Capital Partners ILongreach Management CorporationYesDenning & Company LLC and MVision Private Equity AdvisorsMultiple (reference PA Form)
Denning & Company:  See Disclosure Letter;  MVision: The Placement agent fee shall be calculated on the basis of the aggregate commitments made by the Offerees to the Funds.  The parties shall determine the aggregate fee payable to Mvision which shall be the sum of the product of the aggregate commitments of the Funds multiplied by the relevant percentages set forth (a) 0.00% in respect of the first $500 million; (b) 0.50% in respect of the next $500 milion or part thereof; (c) 1.00% in respect of the next $1,000 million or part thereof; and (d) 1.50% in respect of the excess over $2,000 million.
Multiple (reference PA Form)No
Private EquityAG Private Equity IV and IV(R), LPAngelo GordonNo
Yes
Private EquityFrancisco Partners IV, L.P.Francisco PartnersNo
No
Private EquityLandmark Equity Partners XVLandmark PartnersNo
No
Private EquityTPG Biotechnology Partners II, L.P.TPG Capital and TPG GrowthNo
No
Private EquityTenaya Capital VIITenaya Capital PartnersNo
No
Private EquityTPG Partners IV, L.P.TPG Capital and TPG GrowthNo
No
Private EquityTPG Partners VI, L.P.TPG Capital and TPG GrowthNo
No
Private EquityTPG Partners V, L.P.TPG Capital and TPG GrowthNo
No
Private EquityTPG Biotechnology Partners III, L.P.TPG Capital and TPG GrowthNo
No
Private EquityNEA 15 OpportunityNEA Management CompanyNo
No
Private EquityGCM Grosvenor - NC Innovation Fund II, L.P.GCM Customized Fund Investment GroupNo
No
Private EquityNEA 15NEA Management CompanyNo
No
Private EquityCharterhouse Capital Partners XCharterhouse General PartnersNo
No
Private EquityNorthBound NCRS FundNorthBound Equity PartnersNo
No
Private EquityThoma BravoThoma BravoNo
No
Private EquityHarvest Partners VII, L.P.Harvest PartnersYesThe Credit Suisse Private Fund GroupRyan Schlitt
The Placement Agent is not being Compensated, directly or indirectly.
Multiple (See PA Form)No
Private EquityARCH Venture IX LPARCH Venture PartnersNo
No
Private EquityMHR Institutional Partners IV, L.P.MHR Institutional AdvisorsYesUBS Securities LLC (“UBS”) through The Private Funds Group (the "UBS PFG Team" or "UBS PFG").UBS Securities LLC (“UBS”) through The Private Funds Group (the "UBS PFG Team" or "UBS PFG").
Any compensation received by UBS Securities LLC as a result of the NC Funds' investment in the Investment Transaction is not directly shared with the UBS PFG Team. Rather, the UBS PFG Team's compensation is directly related to the overall performance of UBS Securities LLC.
Multiple (See PA Form)No
Private EquityWarburg Pincus Private Equity XII, L.P.Warburg Pincus LLCNo
No
Private EquityL. Catterton Growth Partners III, L.P.Catterton PartnersNo
No
Real EstateBenson Elliot Real Estate Partners II, L.P.Benson Elliott Capital ManagementYesProbitas PartnersMultiple (reference PA Form)
The fee payable to Probitas for services it provided as placement agent with regard to the formation of Benson Elliott Real Estate Partners II LP and any other parallel investment or co-investment entities (which includes almost all investors who invested in that fund) was 2,253,621 euros.  In addition, subject to certain limitations, Probitas was entitled to be reimbursed for its actual out of pocket expenses incurred in connection with its work on BECM behalf.  Probitas waived a portion of its fee in exchange for an interest in the general partners' profit (or carry), the value of which at the time of the waiver was negligible.
Multiple (reference PA Form)No
Real EstateBlackstone Real Estate Partners Edens Investment Partners LPBlackstone Real Estate Advisors LPNo
No
Real EstateAG Asia Realty Fund IIAngelo GordonNo
No
Real EstateBlackstone Real Estate Partners VI, L.P.Blackstone Real Estate Advisors LPNo
No
Real EstateBenson Elliot Real Estate Partners III, L.P.Benson Elliott Capital ManagementYesProbitas PartnersMultiple (reference PA Form)
The fee payable to Probitas for services it provided as placement agent with regard to the formation of Benson Elliott Real Estate Partners III LP and any other parallel investment or co-investment entities (which includes almost all investors who invested in that fund) was 900,000 euros.  In addition, to certain limitations, Probitas was entitled to be reimbursed for its actual out of pocket expenses incurred in connection with its work on our behalf.
Multiple (reference PA Form)No
Real EstateBlackstone Real Estate Partners V, L.P.Blackstone Real Estate Advisors LPYesPark Hill Real Estate Group LLCMultiple (reference PA Form)
Blackstone treated Park Hill as having received a fee of $1M from Blackstone (1% of Treasurer of the State of North Carolina's BREP V commitment) for purposes of Blackstone's internal compensation arrangements.
Multiple (reference PA Form)No
Real EstateBlackstone Real Estate Partners VIIBlackstone Real Estate Advisors LPNo
No
Real EstateBrookfield Real Estate Finance Fund IIIBrookfield Real Estate PartnersYesBrookfield Private Advisors LLCMultiple (reference PA Form)
Multiple (reference PA Form)No
Real EstateCB Richard Ellis Strategic Partners US IV, L.P.CBRE InvestorsYesWachovia SecuritiesLouis Dworsky
Comingled funds:  An origination fee of 8.5 basis points of the gross asset cost and an annual fee of 8.5 basis points of the average gross assets with respect to the Client/Investor's investment.  Total commingled fund fees paid to Mr. Dworsky were $97,465.  Separate managed accounts:  An origination fee of 10 basis points of the gross asset cost paid at the time of closing, and an annual fee of 10 basis points of the average gross assets.  There were no separate managed account fees paid to Mr. Dworsky.  CBRE Investors also paid Mr. Dworsky an aggregate lump sum termination payment of $1.3M in connection with the termination of the consulting agreement in 2007.  This fee was not charged to CB Ellis Strategic Partners US IV or to NCRS.  Placement Agent relationship was terminated in February 2007.
Not ProvidedN/A
Real EstateAG Net Lease Realty Fund IIAngelo GordonNo
No
Real EstateCB Richard Ellis Strategic Partners US V, L.P.CBRE InvestorsNo
No
Real EstateCherokee Investment Partners III, L.P.Cherokee Investment Partners LLCNo
No
Real EstateCIM Urban REIT, LLCCIM Management Inc.YesUBS SecuritiesMultiple (reference PA Form)
UBS paid a placement fee equal to 1.0% of the aggregate amount of capital committed by all investors in the CIM Urban REIT, excluding capital committed by certain investors.
Multiple (reference PA Form)No
Real EstateCrossHarbor Institutional Partners IICrossHarbor Capital PartnersYesReal Estate Private Fund Group of Credit Suisse Securities USA LLCMultiple (reference PA Form)
Designated as Confidential by Submitter
Multiple (reference PA Form)No
Real EstateCrow Holdings Realty Partners IV, L.P.Trammell Crow Interests CompanyNo
No
Real EstateCrossHarbor Institutional Partners, L.P.CrossHarbor Capital Partners LLCYesReal Estate Private Fund of Credit Suisse Securities (USA) LLCMultiple (reference PA Form)
Designated as Confidential by Submitter
Multiple (reference PA Form)No
Real EstateCherokee Investment Partners IV, L.P.Cherokee Investment Partners LLCNo
No
Real EstateCrow Holdings Realty Partners V, L.P.Trammell Crow Interests CompanyNo
No
Real EstateDLJ Real Estate Capital Partners I, L.P. (Closed)DLJ Real Estate Capital Partners Inc.YesReal Estate Private Fund of Credit Suisse Securities (USA) LLCMultiple (reference PA Form)
Designated as Confidential by Submitter
Multiple (reference PA Form)No
Real EstateDLJ Real Estate Capital Partners II, L.P.DLJ Real Estate Capital Partners Inc.YesReal Estate Private Fund of Credit Suisse Securities (USA) LLCMultiple (reference PA Form)
Designated as Confidential by Submitter
Multiple (reference PA Form)No
Real EstateCrow Holdings Realty Partners IV-A, L.P.Trammell Crow Interests CompanyNo
No
Real EstateDLJ Real Estate Capital Partners IV, L.P.DLJ Real Estate Capital Partners Inc.YesReal Estate Private Fund of Credit Suisse Securities (USA) LLCMultiple (reference PA Form)
Designated as Confidential by Submitter
Multiple (reference PA Form)No
Real EstateDRA Growth & Income Fund V Co-Investment, LLCDRA Advisors LLCNo
No
Real EstateCIGNA Realty Investors Open-End FundPrudential Investment Management/PREINo
No
Real EstateDRA Growth & Income Fund III, LLCDRA Advisors LLCNo
No
Real EstateDRA Growth & Income Fund IV, LLCDRA Advisors LLCNo
No
Real EstateDRA Growth & Income Fund V, LLCDRA Advisors LLCNo
No
Real EstateDLJ Real Estate Capital Partners III, L.P.DLJ Real Estate Capital Partners Inc.YesReal Estate Private Fund of Credit Suisse Securities (USA) LLCMultiple (reference PA Form)
Designated as Confidential by Submitter
Multiple (reference PA Form)No
Real EstateDRA Growth & Income Fund VIIDRA Advisors LLCNo
No
Real EstateFrogmore Real Estate Partners I, L.P.Frogmore Real Estate Partners GP1 LimitedYesReal Estate Private Fund of Credit Suisse Securities (USA) LLCMultiple (reference PA Form)
Designated as Confidential by Submitter
Multiple (reference PA Form)No
Real EstateFrogmore Real Estate Partners II, L.P.Frogmore Real Estate Partners GP2 LimitedYesReal Estate Private Fund of Credit Suisse Securities (Europe) LimitedMultiple (reference PA Form)
Designated as Confidential by Submitter
Multiple (reference PA Form)No
Real EstateDRA Growth & Income Fund VIIIDRA Advisors LLCNo
No
Real EstateHarrison Street Real Estate Partners III Harrison Street Real Estate Capital PartnersNo
No
Real EstateHawkeye (Scout) Fund 1-A, L.P.Hawkeye Partners LPNo
No
Real EstateJER Real Estate Partners Fund III, L.P.JER PartnersYesAtlantic-Pacific Capital (“APC”) and The Lashine Group (“LG”)Multiple (reference PA Form)
JER will pay APC a placement fee equal to (i) 1.50% of the amount of securities sold by the Fund up to $150,000,000; (ii) 1.75% of the amount of securities sold by the fund in excess of $150,000,000 but less than $300,000,000; and (iii) 2.00% of the amount of securities sold by the fund in excess of $300,000,000.  APC will receive a success fee of $1,000,000 in the event the aggregate amount of securities sold by the fund is $1,000,000,000 or more.  JER will reimburse APC for certain costs and fees.  See the disclosure for additional information.
Multiple (reference PA Form)No
Real EstateKTR Industrial Fund IIIKTR Capital PartnersNo
No
Real EstateLEM Real Estate Mezzanine Fund II, L.P.LEM Partners II LPNo
No
Real EstateLaSalle Debt Fund IILaSalle Investment Management IncNo
No
Real EstateJP Morgan Strategic Property FundJP Morgan Investment Management Inc.No
No
Real EstateLone Star Real Estate Partners IILone Star Real Estate PartnersNo
No
Real EstateHarrison Street Real Estate Partners IV Harrison Street Real Estate Capital PartnersNo
No
Real EstateMeadow Real Estate Fund IIMeadow Capital ManagementNo
No
Real EstateMorgan Stanley Real Estate Fund V InternationalMorgan Stanley Real EstateNo
No
Real EstateDRA Growth & Income Fund VI, LLCDRA Advisors LLCNo
No
Real EstateM&G Real Estate Debt Fund IIIM&G Investment Management LtdYesFirst Avenue (FAP USA LP)Multiple (reference PA Form)
Initial consultancy fee and monthly retainer (this sum will be deducted from future Placement Agent fee payment).  Fee listed for a commitment to M&G Real Estate Debt Fund III is 0.9%. 
Multiple (reference PA Form)No
Real EstateMorgan Stanley Global RE SecuritiesMorgan Stanley Real EstateNo
No
Real EstatePatria Brazil Real Estate Fund IIPatria Brazil Real Estate PartnersYesM3 Capital Partners LLCMultiple (reference PA Form)
For services rendered in connection with the capital raising for Pátria Brazil Real Estate Fund II (“Fund II”), M3 Capital Partners is paid a fee equal to 2.0% of fund interests raised by M3 up to a total of $200 million, and 3.0% of fund interests raised by M3 above $200 million. 25% of M3’s fee is payable within 10-days of closing, and the remaining balance is paid in three equal installments on the first, second and third anniversary of the initial closing of interests raised by M3 into Fund II. For a period of three years following the initial close, M3 is entitled to earn additional fees as set forth above if an investor commits additional equity directly to Fund II or through any co-investment involving Fund II or Pátria Investimentos. In addition, under certain
circumstances, M3 may be entitled to receive incentive compensation for meeting or exceeding capital raising targets, as determined by Pátria Investimentos in its sole discretion. For avoidance of doubt, any fee payable to M3 Capital Partners will be paid by Pátria Investimentos and not by Fund II.
Multiple (reference PA Form)No
Real EstatePrudential Property Investment Separate AccountPrudential Investment Management/PREINo
No
Real EstatePenwood PSIP II, L.P.Penwood Real Estate InvestmentNo
No
Real EstateMorgan Stanley Real Estate Fund VI, L.P.Morgan Stanley Real EstateNo
No
Real EstateRLJ Lodging Fund II, L.P.RLJ Capital Partners II LLCYesPresidio Partners LLCMultiple (reference PA Form)
The Placement Agent was paid a fee of $2,250,000 as payment for all executed and accepted commissions to purchase securities, with 50% to be paid at the final closing of the transaction and the balance to be paid in equal installments at the end of each of six calendar quarters following the final closing.  In addition, the Placement Agent was eligible for a payment of additional fees equaling .67% of the face amount of all commitments to the Fund that exceeded $600M, with the limitation that these additional fees could not exceed $1M.  Since the final fundraising amount exceeded $600M, the Placement Agent was eventually paid approximately $3.3 million pursuant to these agreements.
Multiple (reference PA Form)No
Real EstatePenwood CSIP I, L.P.Penwood Real Estate InvestmentNo
No
Real EstateRLJ Real Estate Fund III, L.P.RLJ Capital Partners III LLCYesPresidio Partners LLCMultiple (reference PA Form)
The Placement Agent was paid a fee of $7,347,500 based on the amount of funds raised.  The fees were paid as follows: (i) $3,000,000 to the Placement Agent no later than January 11, 2008 and (ii) the balance of $4,347,500 to be paid in equal installments at the end of each of the eight calendar quarters following the initial payment, with the first of these payments due on April 4, 2008.
Multiple (reference PA Form)No
Real EstateRockpoint Real Estate Fund I, L.P.Rockpoint Group LLCNo
No
Real EstateRockpoint Real Estate Fund III, L.P.Rockpoint Group LLCNo
No
Real EstateRockpoint Real Estate Fund II, L.P.Rockpoint Group LLCNo
No
Real EstateRockwood Capital Fund IXRockwood CapitalNo
No
Real EstateRockwood Capital Real Estate Partners Fund VIII, L.P.Rockwood Capital PartnersNo
No
Real EstateRREEF Global Opportunities Fund II, LLCRREEF America LLCYesDeAM Investor Services and Deutsche Bank Securities Inc.John W. Davis III, DBSI
To the best of the knowledge of the Investment Manager, (i) on or about January 3, 2007, DBSI was paid in cash $150K in connection with the placement of the Investment and (ii) Mr. Davis, as a registered representative of DBSI, was paid the proceeds of those funds by DBSI in connection with the placement of the Investment.
Multiple (reference PA Form)No
Real EstateRockwood Capital Real Estate Partners Fund VII, L.P.Rockwood Capital PartnersNo
No
Real EstateRREEF Global Opportunities Fund II, Senior NotesRREEFYesDeAM Investor Services Inc.
None
CDR; SECNo
Real EstateSecurity Capital Focus SelectSecurity Capital Research and Management Inc.No
No
Real EstateSentinel Real Estate Fund (Closed)Sentinel Real Estate CorporationNo
No
Real EstateSRI Ten REITShorenstein Realty InvestorsNo
No
Real EstateStarwood Opportunity Fund VII, L.P.Starwood Capital GroupNo
No
Real EstateTerra Firma Deutsche Annington, L.P.Terra Firma InvestmentsYesCitigroup Global Markets Limited
Designated as Confidential by Submitter
SECNo
Real EstateSTAG Investments II, LLCSingle Tenant Acquisition GroupYesRoseview Capital Partners LLCMultiple (reference PA Form)
Roseview received a total of $1,304,469 in investment bank fees attributable to the funds invested by North Carolina in STAG Investments II, LLC.
Multiple (reference PA Form)No
Real EstateWCP Real Estate Fund III(A)Westport Capital PartnersNo
No
Real EstateRMK Emerging Growth Timberland FundRMK Timberland GroupNo
No
Real EstateUBS Trumbull Property FundUBS Realty InvestorsNo
No
Real EstateUBS Trumbull Property Income FundUBS Realty InvestorsNo
No
Real EstateTimber Investment Resources (Nahele, LLC) SeparateTimberland Investment Resources LLCNo
No
Real EstateStarwood SDL/SOF Co-InvestmentStarwood Capital GroupNo
No
Real EstateWestbrook Real Estate Fund I, L.P.Westbrook Real Estate Partners LLCYesDonaldson, Lufkin & Jenrette (acquired by Credit Suisse in 2000)
For this investment, which predated the Department of State Treasurer's first Placement Agent Policy, Westbrook provided a voluntary disclosure letter that stated Donaldson, Lufkin & Jenrette was paid a fee to assist with fundraising.  The amount of the fee was not disclosed.
No
Real EstateRockpoint Real Estate Fund IVRockpoint GroupNo
No
Real EstateRockpoint NYC CIP InvestorsRockpoint GroupNo
No
Real EstateWestbrook Real Estate Fund III, L.P.Westbrook Real Estate Partners LLCYesDonaldson, Lufkin & Jenrette (acquired by Credit Suisse in 2000)
For this investment, which predated the Department of State Treasurer's first Placement Agent Policy, Westbrook provided a voluntary disclosure letter that stated Donaldson, Lufkin & Jenrette was engaged to assist with fundraising, but because the Treasurer was not a new investor, no portion of any contingent fee was associated with the Treasurer's capital commitment to the fund.
No
Real EstateWestbrook Real Estate Fund IV, L.P.Westbrook Real Estate PartnersNo
No
Real EstateRockwood Capital Real Estate Partners Fund VI, L.PRockwood Capital PartnersNo
No
Real EstateWarburg Pincus Real Estate I, L.P.Warburg Pincus LLCNo
No
Real EstateSRI Seven, Eight and NineShorenstein Realty InvestorsNo
No
Real EstateWestbrook Real Estate Fund II, L.P.Westbrook Real Estate Partners LLCYesDonaldson, Lufkin & Jenrette (acquired by Credit Suisse in 2000)
For this investment, which predated the Department of State Treasurer's first Placement Agent Policy, Westbrook provided a voluntary disclosure letter that stated Donaldson, Lufkin & Jenrette was paid a fee to assist with fundraising.  The amount of the fee was not disclosed.
No
Real EstateMesa West Real Estate Income Fund IIIMesa WestNo
No
Real EstateBlackstone Real Estate Partners Europe IVThe Blackstone GroupNo
No
Real EstateCrow Holdings Realty Partners VICrow HoldingsNo
No
Real EstateAG Net Lease Realty Fund IIIAngelo GordonNo
Yes
Real EstateRREEF Global Opportunities 1A and 1BRREEF America LLCNo
No
Real EstateMeadow London Core-PlusMeadow Capital ManagementNo
No
Real EstateNorthrock Fund IIRockwood CapitalNo
No
Real EstateJER Real Estate Partners IV, L.P.JER PartnersYesAtlantic-Pacific Capital ("APC")Not Provided
JER paid APC a placement fee equal to 2.0% of the amount of securities sold by the fund to (i) Prospective Investors in excess of $50 million in the aggregate; and (ii)  Targeted Investors (i.e., any investors other than an Existing Fund IV Investors or Prospective Investors).  In addition, JER reimbursed APC for its reasonable fees and disbursements of its counsel and all of its reasonable travel, telephone, postage, overnight courier and other out-of-pocket expenses incurred by APC in connection with the services provided under the placement agent agreement.
UnknownN/A
Real EstateHarrison Street Real Estate Partners V Co-InvestHarrison Street Real Estate Capital PartnersNo
No
Real EstateMeadow Real Estate Fund IIIMeadow Capital ManagementNo
No
Real EstateHarrison Street Real Estate Partners VHarrison Street Real Estate Capital PartnersNo
No
Real EstateRockpoint Core Plus Main FundRockpoint Group LLCNo
No
Real EstateFrogmore Real Estate Partners III, LPFrogmore Real Estate Partners GP1 LimitedNo
No
Real EstateSentinel Realty Partners V (Closed)Sentinel Real Estate CorporationNo
No
Real EstateBlackstone Property Partners, L.P. and Side Car FundsBlackstone Energy Management Associates LLC and other Blackstone Group entitiesNo
No
Real EstateNorthRock Fund III, L.P.Rockwood CapitalNo
No
Real EstateRockpoint Real Estate Fund V and Co-Investment and Side Car FundsRockpoint Group LLCNo
No
Real EstateBlackstone Real Estate Partners VIII, L.P.Blackstone Real Estate Advisors LPNo
No
Real EstateRockpoint Core Plus Side Car FundRockpoint Group LLCNo
No
Real EstateNorthRock IVRockwood Capital PartnersNo
No
Real EstateKTR Keystone Industrial Fund I, L.P.KTR Capital PartnersYesDeutsche BankNot Provided
The total placement agent fee charged by Deutsche Bank was $6.8 million.  The Fund has been raised and no further work is needed by the Deutsche Bank.  The total amount outstanding is $1,466,666.66.  The remaining balance will be paid in two installments in 2010 and 2011.
Not ProvidedNo
Real EstateRockwood IX CIVRockwood Capital PartnersNo
No
Real EstateRockwood Capital Real Estate Partners Fund X and Side Car FundsRockwood Capital PartnersNo
No
Real EstateAmerican Value Partners Fund I, L.P.AVP Advisors LLCYesAVP Advisors LLCSusan Barlow, Vicky Schiff and Peter Borges
Compensation to all AVP Principals, including Susan Barlow, Vicky Schiff and Peter Borges, were determined from time-to-time, by the AVP Executive Committee, based upon the individuals' officer engagement agreement and personal/company performance.  The compensation outlined on the form represents the individual's overall compensation from AVP and not specifically for the solitication of investment from the NC Funds.
UnknownN/A
Real EstateMW North Carolina Debt Fund, LLCMesa WestNo
No
Real EstateCrow Holdings Relaty Partners VII, LPCrow HoldingsNo
No
Real EstateLBA NC Core Industrial, L.P.LBA NC Core Industrial, L.P.No
No
Real EstateBR Developed Passive REITBlackRockNo
No
Real EstateBR Active World REITBlackRockNo
No
Real EstateBR Emerging REITBlackRockNo
No