The Washington State Investment Board has invested $300 million, plus fees and expenses, in Twin Creek Timber, according to Liz Mendizabal, institutional relations director for the board.
The investment was discussed in the executive session of the June 18 meeting. Additional information is not available to the public.
In addition, the investment board committed $200 million to ISQ Cube Hydro Co-Investment Fund. According to Mendizabel, the fund is a special purpose vehicle dedicated to WSIB that will co-invest in hydropower deals in the United States and Canada.
Both investments fall under the $106.8 billion investment board’s tangible assets class, which has a 3 percent target allocation. The asset class has a current allocation of 1.73 percent.