SWIB commits $390m to private equity

The allocations will go to eight funds

The State of Wisconsin Investment Board has committed $390 million to private equity for the first quarter, according to recently released meeting documents.

The commitments have gone to eight funds. 

$75 million went to American Securities Partners VII. That fund closed on $5 billion in January, after a record 4 months in market as PEI reported at the time. Other known investors in the fund include the Louisiana Teachers Retirement System, which committed $16.9 billion. The fund focuses on middle market investments in North America.

$55 million went to Bridgepoint Europe V. Fund V closed in March on its €4 billion hard cap, after less than a year in market. The fund beat its €3.5 billion target, and will focus on buyouts in Europe.

$25 million will go to Emergence Capital Partners IV, that fund closed on $335 million in February, and targets US venture capital investments.

$50 million will go to EnCap Energy Fund X. Fund X is currently in market targeting $5 billion for energy investments in North America. Other known investors in that fund include the Oklahoma Police Pension and Retirement Board.

$35 million will go to Fortissimo Capital Fund IV. That fund is currently in market with an unknown target for venture capital investments in Israel.

$50 million has been allocated to Peninsula Fund VI. Peninsula is a Michigan based middle market credit shop. 

Finally, $100 million is going to two TPG funds – TPG Growth III and TPG Partners VII.  TPG Growth III is near its $3 billion first close and TPG Partners VII, the flagship buyouts vehicle, closed on $6.5 billion in March, PEI reported at the time.