Wisconsin commits $600m to PE in Q4 2015

The State of Wisconsin Investment Board’s largest commitment was a $150m investment in TSG7.

The State of Wisconsin Investment Board (SWIB) ended 2015 making almost $600 million in new commitments to nine private equity funds, according to its board meeting documents.

Its biggest commitment made in the fourth quarter was a $150 million investment in TSG7, which closed on $2.5 billion in December. TSG7’s main fund vehicle, TSG7 A, and the companion fund, TSG7 B, together had targeted $2 billion in September, according to PEI’s Research & Analytics division.

TSG7 is managed by TSG Consumer Partners to invest in the consumer sector, according to PEI Research.

TSG7 A will seek investments between $50 million and $400 million, whereas TSG7 B will focus on investments between $15 million and $50 million, according to Pitchbook.

The SWIB also committed $50 million to Berkshire Fund IX, $50 million to Coller International Partners VII and $87 million to Warburg Pincus Private Equity XII, among others, in the same time period.

As of 31 December, the SWIB private equity portfolio, excluding strategies such as co-investment, had a market value of $5.46 billion and delivered a 10.4 percent return for the calendar year.