West Virginia pension revises private markets allocations

The US public pension increases its real estate allocation, as well as its exposure to other private markets.

  • Name: West Virginia Investment Management Board
  • HQ: Charleston, US
  • AUM: $22.9 billion
  • Allocation to real estate: 10.7%

West Virginia Investment Management Board (WVIMB) will raise its objective exposure to real estate and other asset classes, according to its recent board material.

The public pension fund will raise its real estate allocation by 2 percentage points, from 10 percent to 12 percent. It currently allocates 10.7% of its total investment portfolio to real estate, totaling $2.45 billion in capital.

WVIMB’s recent real estate commitments have tended to focus on opportunistic, value-add and debt vehicles that have a diverse investment sector across the US.

Other changes in its private market allocation include an increase of 1 percentage point to its private credit portfolio, and 2 percentage points to private equity.

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