WVIMB raises private debt allocation in alternative assets adjustment

The US public pension plans to increase its exposure to private debt, alongside raising allocations to other private markets.

  • Name:  West Virginia Investment Management Board
  • HQ:  Charleston, US
  • AUM: $22.9 billion
  • Allocation to private debt: 3.67 percent

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

The public pension will increase its private debt allocation by 1 percentage point, from 5 percent to 6 percent.

WVIMB currently allocates 3.67 percent of its total investment portfolio to private debt, totaling $840.43 million in capital. Its recent private debt commitments have tended to focus on distressed and senior debt vehicles that have a real estate sector across the US.

The other changes in its private markets allocations include an increase of 2 percentage points to real estate and 2 percentage points to private equity.

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