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SEPTEMBER 23, 2013

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Wyoming to allocate $250 million to noncore investments

by Reg Clodfelter

The Wyoming State Loans and Investments Board has decided to allocate an additional $250 million to noncore real estate during the next few years, per recommendation by the board’s investment adviser, R.V. Kuhns & Associates.

The institutional investor previously has made a $150 million commitment to Northwood Real Estate Partners, an open-end opportunistic fund managed by Northwood Investors. This is the investments board’s first noncore investment following R.V. Kuhns’s recent investment guidelines.

Prior to that commitment, the investments board had a noncore real estate portfolio totaling approximately $96 million spread out over four real estate funds: Heitman Value Partners II, a 2007 value-added real estate fund; TA Associates Real Estate Fund VIII, a 2007 value-added real estate fund; Cornerstone Core Mortgage Fun

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