Wyoming Retirement System, Cheyenne, disclosed commitments and investments totaling $180 million in a presentation from CIO Sam Masoudi at the $10.4 billion pension fund's remote board meeting Sept. 15.
First, Mr. Masoudi disclosed a $130 million investment in a customized hedge fund called the Wind River Fund. The majority of the biotechnology fund is invested "in (HighVista Strategies)' biotechnology fund and the remainder split evenly to two biotech-focused hedge funds." Additional information was not provided.
Mr. Masoudi also disclosed a commitment of $30 million to KLCP Fund III, a private credit fund managed by Kennedy Lewis Capital Partners. The pension fund previously committed $50 million to KLCP Fund II in 2020.
He also disclosed a commitment of $20 million to Asterion Industrial Infrastructure Fund II, a middle-market infrastructure fund managed by Asterion Industrial Partners. The commitment is being made through Moran Real Asset Fund III, a real assets fund of one managed by Hamilton Lane.
As of Aug. 31, the pension fund's actual allocation was 45% total equities, 20.3% total fixed income, 17.9% marketable alternatives, 9.9% private real assets, 4% cash and the remainder in gold.
Mr. Masoudi could not be immediately reached for further information.