WVIMB boosts PE exposure in portfolio adjustment

The objective of the public pension is to increase and vary its investments in private equity.

  • Name: West Virginia Investment Management Board
  • HQ: Charleston, US
  • AUM: $22.9 billion
  • Allocation to private equity: 11.91%

West Virginia Investment Management Board (WVIMB) has approved a proposal to raise its objective exposure to private equity and other asset classes, according to their recent board material.

The public pension will increase its private equity allocation by 2 percentage points, which rises from 10 to 12 percent.

WVIMB currently allocates 11.91 percent of its total investment portfolio to private equity, totalling $2.73 billion in capital. Its recent private equity commitments have tended to focus on venture capital and buyout vehicles that have a diverse investment sector across the US.

The other changes in their private markets allocations include an increase of 2 percentage points to real estate and 1 percentage point to private credit.

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