Wyoming Retirement System, Cheyenne, is developing a plan to begin making its first private equity investments, confirmed John Johnson, chief investment officer.
The board of the $6.5 billion pension fund on Feb. 17 approved adding private equity to its overall equity allocation, Mr. Johnson said in a telephone interview.
Mr. Johnson said a timetable has yet to be determined. He added that plan officials are working with consultant NEPC on how to invest in private equity, and that it will be a “long, slow investment process” that will take a couple of years.
