WSIB approves $150m commitment

The US public pension has backed a buyout vehicle focused on the TMT sector.

Institution: Washington State Investment Board
Headquarters: Olympia, United States
AUM: $117.8 billion
Allocation to alternatives: 40.09%

Washington State Investment Board approved a $150 million commitment to Luminate Capital Partners III at its December 2020 retirement board meeting, a contact at the pension informed Private Equity International.

This commitment represents a new relationship with Luminate Capital Partners. The $117.8 billion US public pension has a 23 percent target allocation to private equity that currently stands at 22.39 percent.

As illustrated below, WSIB’s recent private equity commitments have targeted buyout and venture capital vehicles primarily within the TMT sector.

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