Wyoming State Loan and Investment Board, Cheyenne, approved a commitment to Accel-KKR Growth Capital IV.
The board approved the commitment to the private equity fund at its Dec. 2 meeting, confirmed Patrick Fleming, chief investment officer, in an email.
The board did not approve a specific commitment amount, Mr. Fleming said. According to board meeting materials, the state was seeking a $50 million commitment.
Investment consultant RVK assisted.
The board oversees $23.4 billion in permanent funds, including the $9.4 billion Permanent Mineral Trust, $4.6 billion Common School Permanent Land Fund and $2.6 billion Workers Compensation Fund, as well as two non-permanent funds, which include the state's $4.1 billion in operating funds.