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Stock impact report

Firm poised to make first in-state infrastructure investment from North Dakota Legacy Fund [Yahoo! Finance]

GCM Grosvenor Inc. - Class A (GCMG) 
Company Research Source: Yahoo! Finance
A state program aims to invest Legacy Fund dollars into North Dakota infrastructure. (Photo by Kyle Martin/For the North Dakota Monitor) The first investment of North Dakota Legacy Fund dollars into an in-state infrastructure project could be made in early 2026 and help bolster a proposed pipeline to export natural gas out of the Bakken oil field. The state has allocated $150 million from the Legacy Fund for investment in “asset-based projects,” such as infrastructure, real estate and agriculture. The Legacy Fund, which invests state oil and gas revenue, was recently valued at $13 billion. “We have billions and billions of dollars of infrastructure that needs to be worked on in North Dakota,” said Rep. Mike Nathe, R-Bismarck, the primary sponsor of the 2021 bill that led to the program's creation. “This tranche of money will definitely help us take care of that need.” That program, officially called the North Dakota Real Assets Fund and informally known as the in-state infrast Show less Read more
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