Wyoming investment board commits $100m to core-plus real estate

The Wyoming State Loan and Investment Board has committed $100 million to SC Core Fund, according to recent meeting documents.

The core-plus fund, managed by SC Capital Partners, invests in Asia Pacific office, retail and residential properties. The open-end fund is seeking to raise $400 million in the first year, according to the meeting documents. Recent investors in the fund include the City of Phoenix Employees Retirement System.

The board oversees a total of $19.3 billion, including the $6.9 billion Permanent Mineral Trust Fund and the $3.3 billion Common School Permanent Land Fund. The board has a 4.2 percent actual allocation to real estate, 2.9 percent of which is allocated to core real estate.