State of Wisconsin Investment Board related stories
All articles and analysis
Apollo to keep Fund X in market longer, citing denominator effectApollo Investment Fund X began pre-marketing in January; its predecessor reached a final close after less than half a year on the fundraising trail.
Inside Waterland: Europe’s buy-and-build machineFast closes, scale-ups through acquisitions and near-total secrecy – what’s behind one of Europe’s best-performing managers?
Side Letter: BlackRock's ESG dialogue; Investec's GP trends; Lightrock's closeBlackRock says its capital flows don't seem to reflect any negative impact from increased political dialogue. Plus: highlights from Investec's latest GP Trends survey; and LGT-linked Lightrock has exceeded its hard-cap. Here's today's brief, for our valued subscribers only.
US pensions: LPs take different approaches to reduce their private equity exposureUS public pension funds such as Employees Retirement System of Texas and State of Wisconsin Investment Board are looking to slow their investment pace.
SWIB confirms $642m in commitmentsThe US public pension has backed nine private equity funds.
Side Letter: EQT's health kick; Texas ERS goes large; PE's cybersecurity pushEQT is taking its healthcare heritage further afield. Plus: Texas ERS raises its private equity exposure to avoid a major slowdown in commitment pacing; and managers are spending big on cybersecurity this year. Here's today's brief, for our valued subscribers only.
Hg to close latest large-cap fund above target this monthThe software-focused firm has delivered an average 5.2x multiple and 60% IRR across eight exits in recent months, PEI has learned.
Side Letter: Management co. must-haves; ILPA's Nelson departs; Tackling VCs' 'implicit bias'How to stay on top of management company admin at a time when the task has become more difficult, and the stakes have become higher than ever before. Plus: ILPA CEO Steve Nelson is leaving the industry body at a pivotal moment; and FountainVest's latest fund close will come as welcome news for China fundraisers. Here's today's brief, for our valued subscribers only.
PE’s dreaded denominator effect could prompt some tough decisionsA simultaneous numerator, denominator effect may leave some LPs significantly overallocated at a time when their GPs are asking for re-ups.
Wisconsin Investment Board approves allocation cushion to combat ‘denominator effect’Private valuations have stayed high, despite erratic public markets, inflation fears and geopolitical shocks.