SWIB approves $237.5m in commitments

The US public pension has backed four North American PE funds.

Institution: State of Wisconsin Investment Board
Headquarters: Madison, United States
AUM: $113.86bn
Allocation to alternatives: 16.50%
Bitesize: $50-100m

State of Wisconsin Investment Board has agreed to commit $237.5 million-worth of private equity commitments across four vehicles, according to the pension’s most recent monthly report.

The commitments comprise of $75 million to Charlesbank Credit Opportunities Fund II, $50 million to Varsity Healthcare Partners III, $27.5 million to KLH Capital Fund IV and $85 million to Flexpoint Fund IV.

The $113.86 billion US public pension has an 8.50 percent target and actual allocation to private equity/debt, which SWIB groups together under one asset class within its investment portfolio.

As illustrated below, the investment board has made several commitments to 2019-vintage private equity funds, which combined constitute $1.10 billion.

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