SWIB approves $1.06bn in commitments

Institution: State of Wisconsin Investment Board
Headquarters: Madison, US
AUM: $126.35 billion
Allocation to alternatives: 17.10%

State of Wisconsin Investment Board has confirmed $1.06 billion-worth of private equity commitments to 10 vehicles, published in the pension’s Q2 report.

The commitments comprise $250 million to CVC Capital Partners VIII, $200 million to GSO Capital Opportunities Fund IV, €100 million ($119 million) to EQT IX, $100 million to Ares Corporate Opportunities Fund VI, $100 million to Thoma Bravo Fund XIV, $75 million to Merit Capital Fund VII, $70 million to Francisco Partners VI, £40 million ($52 million) to Livingbridge 7, $50 million to TSSP Specialty Lending Europe II and $50 million to Sterling Group Partners V.

The $126.35 billion US public pension has a 9.6 percent allocation to private equity and debt, which are grouped together as a single asset class within its portfolio.

As illustrated below, the pension’s recent commitments are to funds focused on the industrial, business services, financial services and technology sectors in Asia-Pacific, North America and Europe.

Platinum subscribers may click here for the investor’s full profile, including key contacts, allocation strategy and fund investments