Wyoming investment board commits $150m to Realterm Logistics Fund

The Wyoming State Loan and Investment Board (SLIB) has made a $150 million commitment to Realterm Logistics Income Fund, an open-end industrial fund managed by Realterm Asset Management.

The investment was disclosed in a Dec. 17 investment board meeting document and was made on behalf of the $20 billion Wyoming State Treasurer’s Office (WSTO). According to SLIB, the fund focuses on high-flow-through (HFT) industrial assets in the United States. The fund had raised $285 million in commitments and had a current size of $424 million gross asset value and $217 million net asset value, as of Sept. 30, 2019.

The fund targets investments such as cross-dock truck terminals, transload and transshipment facilities, intermodal/secure storage facilities and e-commerce backbone facilities such as final-mile warehouses, sortation facilities, regional hubs, fulfillment centers and parcel delivery c