The Wyoming State Loan and Investment Board approved three commitments totaling $650M to private equity, private credit, and international equity funds at its October 3 board meeting.
In private equity, $100M was allocated to North Haven Private Equity Co-Investment Opportunities Fund III LP (Peco III). Managed by Morgan Stanley, Peco III is seeking long term capital appreciation by primarily investing in PE co-investments alongside high quality PE sponsors. The fund will primarily focus on buyout and growth equity opportunities across North America and Europe.
$150M was allocated to opportunistic private credit fund Pantheon Credit Opportunities III (PCO III). Managed by Pantheon Ventures, PCO III is a limited partnership that invests in secondary opportunities that is expected to commit capital for up to three years following final close, then return capital to investors eight years after final close, with the possibility of a two-year extension.
Lastly, the pension committed $400M to Westwood Global ex-US Equity, an international equities fund managed by Westwood Holdings. The employee-owned boutique investment management firm focuses on investing in international equities.
According to Dakota data, the Wyoming State Loan and Investment Board manages $24B in assets.
