WVIMB confirms $83m in commitments

The US public pension backed a pair of real estate vehicles between January and April 2020.

Institution: West Virginia Investment Management Board
Headquarters: Charleston, United States
AUM: $19.89bn
Allocation to alternatives: 32.90%
Bitesize: $10-50m

West Virginia Investment Management Board confirmed $83 million-worth of real estate commitments across the first four months of 2020, a contact at the pension informed PERE.

The commitments comprise of $50 million to Westbrook Real Estate Fund XI and €30 million ($33 million) to Harrison Street European Property Partners III.

The $19.89 billion US public pension has a 9.80 percent allocation to real estate.

As illustrated below, WVIMB’s previous four real estate commitments have been to two opportunistic vehicles, alongside one fund apiece with value-add and debt strategies.

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