West Virginia Investment Management Board

About West Virginia Investment Management Board

West Virginia Investment Management Board's investment portfolio is valued at $27.23 billion as of September 30, 2024, with investments in publicly traded equities, fixed income, private equity, real estate, hedge funds, infrastructure, real assets, natural resources, and cash. As of September 30, 2024, the private equity portfolio was valued at $2.67 billion, representing 9.82% of the total portfolio. This is a decrease as compared to March 31, 2024, when the private equity portfolio was valued at $2.74 billion. As of September 30, 2024, the private equity returns for the quarter, 1 year, 3 years, 5 years, and 10 years were 0%, 5.03%, 6.24%, 17.44%, and 16.91%, compared to the benchmark return of -6.97%, -33.16%, -7.05%, 0.82%, and 1.08%, respectively. Investments in private equity include buyouts, fund of funds, mezzanine, private growth equity, and distressed debt fund strategies, diversified in geographical locations across the globe, except in Africa. The fund's investments are governed by the executive management team, with Mr. Craig Slaughter serving as Executive Director, Chief Executive Officer, Chief Investment Officer, Chairman of the Real Estate Committee, and Member of the Hedge Fund and Private Equity Committee. Verus serves as the LP Consultant.