Wyoming State Selects Carlyle as New RE Manager with $250M Allocation

The Wyoming State Loan and Investment Board on November 5 approved an allocation of $250M to Carlyle Property Investors in the conclusion of the pension’s real estate manager search, per a recently released board memo dated December 5. 

The state pension has earmarked up to $300M in potential investments in Carlyle’s open-ended core-plus fund to reach its $1B target exposure for non-core assets. Wyoming SLIB said it is $350M underweight in its non-core allocation target and seeks to add two new funds to bring the portfolio closer to its benchmark. 

To date, the Wyoming State pension board manages approximately $24B in aggregate plan assets, according to Dakota data.

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Written By: Dakota

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