Name: State of Wisconsin Investment Board
HQ: Madison, US
AUM: $136.3 billion
Allocation to alternatives: 20.5%
State of Wisconsin Investment Board (SWIB) has backed nine private equity funds, with $50 million to Ares Special Opportunities Fund II, $100 million to Blackstone Tactical Opportunities Fund IV, $40 million to Centerbridge Seaport Acquisition Fund, €150 million to EQT IX, $100 million to Glendon Opportunities Fund III, €65 million to Hg Genesis 10, $50 million to Sterling Foundation Fund I, $50 million to Varsity Healthcare Partners IV and $37 million to Water Street Partners V, according to the board material.
The SWIB is a state agency responsible for investing the assets of the Wisconsin Retirement System and the State Investment Fund.
The US pension fund has allocated 11.5 percent to private equity, which comprises $15.7 billion in capital. It currently has a target allocation of 12 percent. Its recent fund commitments strategy has been predominantly focused on North American buyout and debt vehicles.
Platinum subscribers may click here for the investor’s full profile, including key contacts, allocation strategy and fund investments.