Investors - JUNE 26, 2015

To read this full article you need to be subscribed to Newsline.

Sign in Start Your Free Trial Now View Purchase Options

WSIB invests $500m in timber and infrastructure

by Zoë Wolff

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.

Glossary, videos, podcasts, research in the Resource Center

Forgot your username or password?

Close your account?

Your account will be closed and all data will be permanently deleted and cannot be recovered. Are you sure?

We respect your privacy! Please give consent for processing data as described in our Privacy Policy