Wisconsin commits $345m to private equity

The allocation represents a mix of fund allocations and co-investments

The State of Wisconsin Investment Board committed $345 million to a mix of private equity and co-investments between July and September, according to recently released board documents.

On the private equity side, $125 million went to Hellman & Friedman’s eighth fund which closed on $10.9 billion this week, as PEI reported. The fund was in market for less than a year and blew past its $8.9 billion target. Other known investors in the fund include the Los Angeles County Employees Retirement Association (LACERA) and the New Jersey Division of Investment.

$75 million went to two Inflexion vehicles – Inflexion Buyout Fund IV and Inflexion Partnership Capital Fund I. Both of those funds recently closed with commitments of £650m and £400m respectively.

$50 million was allocated to JMI Equity Fund VIII which closed on $1 billon in August, PEI reported at the time. Known investors in the fund include the Pennsylvania State Employees’ Retirement System. 

On the co-investment side $50 million was allocated to Dyal Columbus Co-Investment Partners. Another $45 million was allocated to three undisclosed co-investments which were noted as a financial services company, an energy company and consumer discretionary.