Wyoming State Loan and Investment Board, Cheyenne, approved a commitment to Carlyle Property Investors.
The board approved the commitment to the open-end core-plus real estate fund managed by Carlyle Group at its Dec. 5 meeting, a notice on its website said.
The approval is contingent upon successful contract negotiations and material terms, according to the notice.
While the board did not approve a specific commitment amount, a memo included with meeting materials showed the potential commitment would range between $250 million and $300 million.
The Wyoming State Loan and Investment Board oversees a total of $30.3 billion in state assets, which includes the $11.5 billion Permanent Mineral Trust, $7.3 billion State Agency Pool of operating funds, $5.4 billion Common School Permanent Land Fund and $2.6 billion Workers Compensation Fund.
Investment consultant RVK assisted.
