Wyoming State Loan and Investment Board, Cheyenne, hired Eaton Vance Management and Finisterre Capital to run active emerging markets debt portfolios, confirmed Patrick Fleming, chief investment officer.
The board conducted a search following the approval in April of benchmark changes to its emerging markets debt allocations in the seven state permanent funds the board oversees, according to a memo from investment consultant RVK included in Oct. 1 board meeting materials.
Mr. Fleming said portfolio sizes have yet to be determined.
Separately, the board made commitments to buyout fund GTCR XIII and growth equity fund Valor Equity Partners V. Mr. Fleming said the commitment sizes have yet to be determined. RVK had recommended commitments of $100 million and $50 million, respectively, according to meeting memos.
The board oversees $22.7 billion in permanent funds, including the $7.8 billion Permanent Mineral Trust, $4.1 billion Common School Permanent Land Fund and $2.3 billion Workers Compensation Fund, as well as two non-permanent funds, which include the state's $5.7 billion in operating funds.
Mr. Fleming would not provide further information.