West Virginia puts $60m into buyout funds

The pension fund announced commitments across two private equity vehicles.

Institution: West Virginia Investment Management Board
Headquarters: Charleston, US
AUM: $23.7 billion
Allocation to private equity: 11.64%

West Virginia Investment Management Board (WVIMB) has confirmed $60 million of private equity commitments. The board’s private equity subcommittee approved the commitment to the buyout fund managed by LS Power Group and Clearhaven Partners at its recent meeting.

The commitments comprise of $30 million each to LS Power Equity Partners V and Clearhaven Fund II.

The $23.7 billion US public pension has 11.64 percent allocation to private equity.

As illustrated below, WVIMB’s recent round of private equity commitments have tended to focus on buyout vehicle that have a diverse investment sector across the US.

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