Wyoming State Loan and Investment Board, Cheyenne, approved a commitment of $150 million to Realterm Logistics Income Fund, an open-end core industrial real estate fund, confirmed Patrick Fleming, chief investment officer.
The commitment was approved at the board's Dec. 17 meeting.
Alignium, the state's real estate investment consultant, assisted.
The Wyoming board oversees $21 billion in seven state permanent funds, including the $8.1 billion Permanent Mineral Trust, $4.1 billion Common School Permanent Land Fund and $2.2 billion Workers Compensation Fund, and two non-permanent funds, which include the state's $5.5 billion in operating funds.
As of March 31, the actual allocation to core real estate was 4.6% in the Permanent Mineral Trust, 4.2% in the Common School Permanent Land Fund and 2.3% in the Workers Compensation Fund.