Washington State Investment Board (WSIB) is planning to invest $300m (鈧�280.1m) to create an energy transition assets investment separate account with Schroders Greencoat.

The pension fund said the Schroders Greencoat Woodmont Renewables separate account, which is subject to approval at a board meeting on 21 September, will invest in assets in Europe.

The investment by WSIB will represent the pension fund鈥檚 first-ever investment with Schroders Greencoat.

鈥淕reencoat鈥檚 investment approach of investing in long duration, income yielding investments aligns well with the objectives of our tangible assets portfolio,鈥� WSIB told 麻豆映画 Real Assets.

The proposed investment will be placed into WSIB鈥檚 tangible assets portfolio which was valued at $10.4bn at the end of the first quarter of the year.

WSIB鈥檚 tangible assets portfolio comprises 35.3% of energy assets, 31.8% of agriculture, 26.6% of society essentials assets, and 6.3% of minerals and mining assets.

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