North Dakota Land Board to up infrastructure investment; puts $100M to data center fund
North Dakota’s Land Board is shifting its investment strategy, leaning more into infrastructure and equities while pulling back on real estate and bonds. The move reflects the boom in artificial intelligence and the massive demand for data centers. On Wednesday, the board committed $100 million to a Cloud Capital fund focused on data center infrastructure — a step leaders say brings slightly more risk but also greater potential returns. The fund’s earnings help support North Dakota schools and colleges through the Common Schools Trust Fund.
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