The Wyoming State Loan and Investment Board has approved committing to two alternative investments.
The Board approved committing to SVP Capital Solutions Fund II, a distressed credit fund managed by Strategic Value Partners. The commitment amount was not disclosed.
In addition, the board approved committing to Banner Ridge Secondary Fund V, a private equity fund managed by Banner Ridge. Fund V has a hard cap of $2 billion. Banner Ridge is reserving the final $65 million of the $2 billion fund for the Investment Board. The Investment Board is willing to commit up to $100 million.
RVK assisted with both investments.
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